Zurich-based catastrophe data provider PERILS has launched a new industry loss reporting service for severe convective storms (SCS) in Japan and New Zealand, expanding its existing footprint beyond Europe, Australia, and Canada.
Effective from 1 August 2025, the new service will capture insured losses from SCS events exceeding JPY100bn (US$670m) in Japan and NZ$300m (US$177.6m) in New Zealand. The reporting will cover property and motor lines and follow PERILS’ established CORE methodology, which is based on ground-up data collected from participating insurers at the CRESTA zone level.
According to PERILS, corresponding SCS industry exposure data for the newly included countries was released in April 2025 and is available on its platform.
“SCS is an important and growing peril for the insurance industry globally. Access to data on exposures and losses is key for understanding the SCS risk, as it is for all other natural perils,” said Christoph Oehy, CEO of PERILS.
He noted that, historically, systematic data for SCS were difficult to obtain. “Since 2009, through the consistent application of our from-ground-up PERILS CORE approach and with the continuous support of the insurance industry, PERILS has worked to address this data shortfall,” he added.
The addition of Japan and New Zealand comes amid rising interest in industry-loss-based risk transfer products in the region. PERILS said its data can support catastrophe model validation and risk assessment, as well as help structure triggers for ILWs and other insurance-linked securities.
This reporting service forms part of a wider enhancement of PERILS’ global exposure data capabilities. In April, the company added SCS exposures for Japan and New Zealand, as well as Europe, to its 2025 Industry Exposure Database (IED). The IED now encompasses US$108 trillion in insured property assets across 67 market portfolios in 21 countries.
