The SCOR group estimates the pre-tax technical cost of storm “Kyrill” at between EUR 25 and 30 million for all of the Group’s branches and the markets concerned.
The overall estimate of these costs is based on information that is as yet preliminary, emanating for the most part from SCOR Global P&C clients on the German market, as well as on a dozen or so other markets including Austria, Belgium, France, the Netherlands, Poland, the Czech Republic, the United Kingdom, Scandinavia and Switzerland. The losses incurred on the German market represent around 75% of the estimated amount of technical charges linked to this storm.
The damage caused by “Kyrill” is characterised by a large number of small losses, mainly affecting individual insurance and commercial risks. SCOR Global P&C’s Business Solutions division, which specialises in large industrial risks, did not record any significant losses.