European convective storms in July estimated an almost EUR 2.2bn industry loss: PERILS

A wave of severe convective storms that swept across Germany, France, Switzerland, and Italy in Europe between 13th and 19th July 2026 are estimated to have caused an insurance industry loss of EUR 2.186 billion, according to catastrophe data aggregator PERILS AG.

Notably, this outbreak of severe convective storms (SCS) across Europe is already the largest loss from that peril in Europe in the PERILS AG list of loss events.

It is also the largest insurance industry loss estimate for any European catastrophe event that PERILS has issued since the series of European windstorms in February 2022.

PERILS initial industry loss estimate for this SCS outbreak in Europe is EUR 2.186 billion, which is based on loss data collected from affected insurers and covers both property and motor lines of business.

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