What Perils does

PERILS AG is a Zurich-based, privately held joint-stock company incorporated on 26 January 2009 that provides independent, industry-wide catastrophe insurance data for non-US markets. The company is equally owned by ten major insurance, reinsurance, and brokerage shareholders: Allianz, Axa, Generali, Groupama, Guy Carpenter, Insurance Australia Group, Munich Re, PartnerRe, Swiss Re, and Zurich Insurance. PERILS collects exposure data (sums insured, deductibles, loss limits), premium data, and ultimate gross event losses directly from primary insurers writing business in covered territories, anonymises and quality-checks the submissions, then extrapolates to industry level using published market premium information. It does not develop probabilistic cat models for clients; instead, its outputs function as objective benchmarks consumed by (re)insurers, ILS/ILW capital providers, regulators, and cat risk modelers.

Its product platform comprises PERILS CORE (Industry Exposure and Loss Database, with data aggregated by CRESTA zone and line of business for 21 countries), PERILS EXTENDED (country-level industry loss estimates worldwide excluding the US, replacement for the legacy CRESTA CLIX database as of 2025), the Industry Loss Index Service (index triggers for ILS, ILW, and insurance risk derivatives), Wind-Jeannie (72-hour advance windstorm loss forecasts using DWD and ECMWF gust data), the Cyber Industry Loss Index (jointly with CyberAcuView for the US affirmative cyber market above USD 500m industry losses), and the historical Satellite Flood Footprint service. PERILS wholly owns Catastrophe Indices & Quantification (CatIQ) of Toronto, Ontario, providing Canadian catastrophe loss coverage. Operations are run by a small in-house team (1-10 employees), with IT, accounting, and HR outsourced to third parties.

PERILS generates revenue through annual subscription access to the PERILS Platform at per-territory or combined-territory pricing, and through per-transaction Trading Licenses for the use of industry-loss indices in ILS, ILW, and derivative structures (term sheets define territorial scope, line of business, limit, risk period, and reporting currency). Products are delivered via the PERILS Platform (platform.perils.org) and a dedicated cyber portal (cyber.perils.org); regional outreach is supported by PERILS Australia Pty Ltd in Sydney. Distribution is direct B2B, leveraging press releases, the corporate website, industry conferences, and direct relationships with insurance, reinsurance, and ILS market participants.

Name

Perils

Legal name

PERILS AG

Website

https://perils.org

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

PERILS AG is the Zurich-based, industry-owned catastrophe insurance data utility that aggregates exposure and loss data directly from primary insurers across 21 non-US countries, publishing standardized industry-loss estimates and indices used by (re)insurers, ILS/ILW participants, and regulators for benchmarking, risk modeling, and structured-risk transfer.

Ownership category

akta.pro rank

Product category

Catastrophe Insurance Data Services

NAICS

Insurance Carriers and Related Activities (524)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Catastrophe Risk Modeling & Analytics Services (FSAOACAL)

akta.pro secondary industries

Resilience Finance & Risk Transfer Analytics (Parametric Design, Cat Bonds, Public Risk Pools) (EUABALAK), Risk Scoring, Hazard & Geospatial Analytics (FSAOAIAE)

Keywords

• Catastrophe insurance data
• Industry loss indices
• Insurance exposure database
• Insurance linked securities data
• Reinsurance analytics

Headquarters

HQ city

Zürich

HQ country

Switzerland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Others

Revenue model

1. Annual Database Subscription: Access to PERILS Industry Exposure & Loss Database is available on an annual subscription basis. Subscription is available per individual covered territory or for all covered territories combined.
2. Transaction-based Loss Index Licensing: PERILS Industry Loss Indices are available on a per transaction basis for ILS, ILW and insurance risk derivatives. A trading license serves as a continuous master agreement with transaction-specific term sheets defining scope, limit, risk period and reporting currency.
3. Trading License: For use of PERILS industry losses for transactions (Insurance Linked Securities, Industry Loss Warranty contracts, insurance risk derivatives), a Trading License is required.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

PERILS provides independent, industry-wide catastrophe insurance market data by collecting exposure and loss data directly from primary insurance companies, anonymizing and quality-testing it, then aggregating and extrapolating it to industry level using published market premium information. Its offerings include the PERILS CORE Industry Exposure and Loss Database, PERILS EXTENDED coverage, an Industry Loss Index Service for ILS/ILW/derivative triggers, the Cyber Industry Loss Index (jointly with CyberAcuView), and the Wind-Jeannie windstorm forecasting service.

Product overview

PERILS offers a unified platform of catastrophe insurance data products centered on two complementary core offerings: PERILS CORE (Industry Exposure and Loss Database) and PERILS EXTENDED. PERILS CORE combines the Industry Exposure Database and Industry Loss Database, collecting data directly from insurance companies and extrapolating to market level per CRESTA zone. PERILS EXTENDED extends coverage to territories worldwide (excluding US) using weighted-average sources. Additional products include the Industry Loss Index Service (for ILS/ILW triggers), the Cyber Industry Loss Index (jointly with CyberAcuView), Wind-Jeannie (72-hour windstorm forecasting), and Satellite Flood Footprints. All products are delivered via the PERILS Platform on subscription or transaction basis.

Differentiator

Problem solved

Functional benefit

Brands

• PERILS CORE: Industry Exposure and Loss Database product providing detailed exposure and event loss data per CRESTA zone and line of business.
• PERILS EXTENDED
• Wind-Jeannie
• Cyber Industry Loss Index
• Satellite Flood Footprint

Products and services

• PERILS CORE (Industry Exposure and Loss Database) High-quality insurance market data for natural catastrophes combining industry exposure data (sums insured) and event loss data, covering Australia, Canada, Europe, Japan, New Zealand and Turkey with data per CRESTA zone and line of business (Property, Motor Hull). Data collected directly from primary insurance companies and extrapolated to market level.
• PERILS EXTENDED Complementary product to PERILS CORE providing country-level industry loss data for territories not covered by CORE (worldwide excluding US). Compiled from multiple public and non-public sources using a weighted-average approach for industry loss estimation.
• Industry Loss Index Service Provides index values for industry loss-based Insurance Linked Securities (ILS), Industry Loss Warranty (ILW) contracts and other insurance risk derivatives, using loss data from the PERILS Industry Loss Database. Supports structured triggers with loss weighting factors per CRESTA, country, and Line of Business to reduce basis risk.
• Cyber Industry Loss Index Joint industry loss reporting service with CyberAcuView for US primary cyber market losses. Reports affirmative losses from cyber incidents affecting multiple insurers and policyholders, with events exceeding USD 500 million industry loss. Loss estimates released 6 months after event end and updated quarterly for up to 3 years.
• Wind-Jeannie 72-hour advance windstorm loss forecasting service for Europe, Japan and Australia. Computes expected insured property market loss forecasts using gust data from German Weather Service (DWD) for Europe, ECMWF for Australia and Japan, combined with PERILS vulnerability and exposure data from 2009-2018. Updates every 12 hours.

Quantifiable outcome

• Full-year 2025 insured losses from declared extreme weather events in Australia reached $4.8 billion across approximately 294,000 claims
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered core and minor.

• CyberAcuViewcoreStrategic or Co-development Partner · 1 June 2021Joint creator of the Cyber Industry Loss Index. CyberAcuView is a US-based organization formed by leading cyber insurers in June 2021 to serve the cyber insurance market. Data collection and aggregation is carried out by CyberAcuView with subsequent industry-level estimations jointly signed-off by CyberAcuView and PERILS.
• European Space AgencyminorStrategic or Co-development PartnerFunded a 12-month pilot phase in 2012/2013 during which PERILS made Satellite Flood Footprints available for significant flood events using satellite earth observation data.
• Catastrophe Indices & Quantification (CatIQ)coreOthersPERILS fully owns Catastrophe Indices & Quantification (CatIQ) of Toronto, Ontario, Canada. CatIQ provides industry loss estimates for Canadian cat events through joint releases with PERILS.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• PCS (Property Claim Services, Verisk): PCS is the US catastrophe industry loss index service run by Verisk; it is the most direct functional analogue to PERILS, providing industry-wide cat loss estimates that are widely used as ILS and ILW triggers. Both organizations operate independent industry loss indices serving reinsurance and capital markets participants.
• Munich Re NatCatService: Munich Re's NatCatSERVICE is the world's leading natural catastrophe loss database, collecting loss events globally. It is the closest direct competitor to PERILS in terms of being a centralized natural catastrophe loss data resource used across the insurance industry, though it is run by a single reinsurer rather than as an independent industry utility.
• AIR Worldwide (Verisk): AIR Worldwide, a Verisk business, is a leading catastrophe risk modeling vendor producing probabilistic loss estimates and event catalogs used by primary insurers and reinsurers. It overlaps directly with PERILS' catastrophe data and analytics mission, though AIR is broader in scope (modeling software) versus PERILS' narrower loss-index focus.
• RMS (Risk Management Solutions, Moody's): RMS, now part of Moody's, is a major catastrophe risk modeling firm serving insurers and reinsurers worldwide. It produces event loss estimates and industry exposure databases that overlap with PERILS' analytics function, albeit with a much broader modeling product suite and larger engineering footprint.
• Karen Clark & Company: Karen Clark & Company is an independent catastrophe risk modeling and analytics firm offering industry loss estimates and exposure analytics to insurers, reinsurers, and ILS participants. It competes with PERILS in providing catastrophe data products to the broader risk transfer market.

Broad incumbents

• Swiss Re Institute: Swiss Re's Institute publishes the Sigma series of natural catastrophe and insurance market reports. While not a transactional data utility like PERILS, it is a broad incumbent in catastrophe and insurance data and includes Sigma natcat loss data that overlaps with PERILS' Industry Loss Database.
• CoreLogic (ICE): CoreLogic, part of Intercontinental Exchange, is a large property data and analytics provider offering catastrophe risk products alongside broader real-estate and property intelligence. Its Hazard Hub and natural hazard analytics overlap with PERILS' catastrophe data scope but as part of a much wider data business.
• Verisk Analytics: Verisk is the parent of PCS and AIR Worldwide and operates broadly across insurance analytics, including claims, underwriting, and catastrophe analytics. It is a broad incumbent whose PCS and AIR units overlap directly with PERILS in providing catastrophe loss indices and modeling.
• Aon: Aon is a global reinsurance broker and risk advisory with catastrophe and analytics capabilities that intersect with PERILS' positioning. While not a direct loss-index competitor, Aon's analytics arm serves similar insurer and reinsurer clients and consumes PERILS data for placement and advisory work.

Emerging players

• CyberAcuView: CyberAcuView is a US cyber industry loss aggregator founded in June 2021 by leading cyber insurers, jointly operating the Cyber Industry Loss Index with PERILS. It is an emerging player that overlaps with PERILS in cyber catastrophe loss reporting and serves a similar function in the cyber insurance market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/perils-ag

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Perils