Expanded insurance coverage now encompasses Japan's wind and flood risks by PERILS

Expanded insurance coverage now encompasses Japan's wind and flood risks by PERILS

In a significant move, PERILS, an independent company based in Zurich, Switzerland, has announced an expansion of its market coverage. The company, which primarily focuses on providing industry-wide catastrophe insurance data, has now extended its services to the Japanese market.

PERILS has been offering exposure and event loss data for the perils of wind and flood. With this expansion, the company's coverage now includes these perils in Japan as well. This move is expected to bring a more comprehensive understanding of catastrophe risks in the region.

The General Insurance Association of Japan (GIAJ) is responsible for expanding market coverage of damage data for wind and flood in disaster insurance in Japan. The collaboration between PERILS and GIAJ is aimed at enhancing the accuracy and reliability of catastrophe risk data in Japan.

Founded in Switzerland, PERILS has established itself as a trusted provider of catastrophe insurance data. The company's headquarters remains in Switzerland, but it is now actively operating in the Japanese market.

The expansion of PERILS' coverage is a positive development for the Japanese insurance industry. With the inclusion of wind and flood perils, insurers can now make more informed decisions about their risk management strategies. This will help in better preparedness for potential disasters and more effective responses when they occur.

In conclusion, PERILS' expansion into the Japanese market is a significant step forward in the provision of comprehensive catastrophe insurance data. The company's focus on wind and flood perils is particularly relevant for Japan, given the country's susceptibility to natural disasters. With its headquarters in Switzerland and operations based in Zurich, PERILS continues to be an independent entity committed to providing accurate and reliable catastrophe insurance data worldwide.

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