Global catastrophe industry loss index to be created by CRESTA

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The CRESTA organisation will soon launch a global industry loss index solution, that will provide insured loss data and event descriptions for natural catastrophe insured loss events around the world.

CRESTA was established by the insurance and reinsurance industry in 1977 as an independent body for the technical management of natural catastrophe insurance.

Now managed by PERILS CRESTA AG, a subsidiary of Zurich-based provider of catastrophe loss data and indices for risk transfer PERILS AG, the organisation has announced the impending launch of the CRESTA Industry Loss Index, or CLIX for short.

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