PERILS initial insurance industry loss estimate for the event was €1.886 billion, reported in early November 2024. Then, in December that year, PERILS raised its industry loss estimate by just over 10% to €2.08 billion. In March 2025, PERILS reports that its industry loss estimate had risen by 5% to €2.19 billion. Secondly, veryearly market loss estimates during or immediately after the event, often providing loss ranges, were remarkablyaccurate. And thirdly, the event was efficiently handled by the insurance industry in the affected countriestogether with their reinsurance partners.