Catastrophe data aggregator PERILS AG has lowered its insurance industry loss estimate for Cyclone Alfred to AU $1.922 billion, down 14% from issued in June 2025, three months after the event.As a reminder, tropical Cyclone Alfred was the seventh named storm in the Australian cyclone season, with impacts recorded between February 28th and March 12th, 2025.PERILS explained that the cyclone made landfall on March 7th as a Category 1 cyclone near the Gold Coast in Southeast Queensland, Australia.The storm reached an offshore peak intensity of Category 4 but by landfall, diminished in wind strength, carrying substantial tropical-sourced moisture into the Southeast Queensland and northeast New South Wales regions.

reported in April.Then, in June, Now, the industry loss estimate has lowered by 14% to €1.922 billion, PERILS reported today.This marks a considerably big decline from the organisation’s previous loss estimates, which is quite rare to see in PERILS’ reporting.

In line with PERILS’ coverage definition for Australia, this third loss number covers the property and motor hull lines of business and is based on loss data collected from affected insurers.“The loss information in this third report provides a breakdown of property and motor losses by four-digit post code resolution, with the data further divided by personal lines (70% of the total industry loss), commercial lines (26% of the total industry loss) and motor lines (4% of the total industry loss),” PERILS explained.Moreover, PERILS has confirmed that a fourth loss estimate for Cyclone Alfred will be published on March 12, 2026, twelve months after the event’s end date.

Darryl Pidcock, Head of Asia Pacific & Cyber at PERILS, commented: “Since releasing our last loss report three months ago, we have observed a decrease in loss numbers and the number of claims provided by our insurance data providers, indicating cautious early reserving.Even though Alfred was a cyclone event, losses were primarily driven by intense and prolonged rainfall rather than by strong winds.Personal property lines are the main contributor to the losses, followed by commercial lines property, and to a much smaller degree motor losses which only make up 4% of the total industry loss.” Pidcock added: “This report provides a wealth of new information enabling an improved understanding of vulnerabilities in southern Queensland and northeastern New South Wales which are rarely impacted by tropical cyclones.

Losses further south in New South Wales were primarily due to flooding as post-Alfred rainfall lingered for some days following landfall.”.All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance can be accessed online.Our can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.