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PERILS cuts insured loss estimate for France’s storm Nils to €695m
PERILS said the updated figure reflects losses driven mainly by destructive winds, after its prior estimate in May rose to €767 million.
Catastrophe data aggregator PERILS has published a third industry loss estimate for extratropical windstorm Nils, also known as Ulrike, which struck southwestern France in mid-February. PERILS set the insurance market loss at €695 million, down from its second estimate of €767 million published in May.
PERILS’ initial estimate, released in March, put the total at €586 million, based on data it gathered from impacted insurers across property and motor lines of business. The organization said Nils involved destructive winds, intense rainfall and river flooding, and also created high avalanche risk in the Alps.
In its latest update, PERILS identified extreme winds as the main driver of insured losses, noting the storm caused power supply disruptions for around 900,000 households and damaged thousands of homes, roofs and lightweight structures.
PERILS said it will provide an updated loss estimate for Nils on February 13, 2027, 12 months after the event end date. The company also referenced European windstorm season 2025/26, describing Nils as a rare case where most losses occurred in the Iberic Peninsula rather than the British Isles and Western Europe.