Insured losses for European events in the last few years have exceeded initial estimates

Initial estimates and insured losses ($bn) for European events from 2021 onwards

Source: France Assureurs (French hail insured losses); Cresta (Italian hail insured losses); Gallagher Re (Bernd initial est.; Insurance Insider (Bernd insured losses, French hail initial est. and Italian hail initial est.; Perils (Turkey/Syria quake initial est. and insured losses)