PERILS has disclosed its initial industry loss estimate for the Severe Convective Storms that affected Queensland and New South Wales from 21 to 27 November 2025.
Based on loss data collected from affected insurers, PERILS estimates the total insurance market loss at A$2.66bn ($1.78bn).
In line with PERILS’ coverage definition for Australia, this figure includes losses from property and motor hull lines of business.
Following its standard reporting schedule, PERILS will release an updated market loss estimate on 27 February 2026, three months after the end of the event period.
From 21 to 27 November 2025, severe convective storm outbreaks occurred in East Coast Australia. Meteorological conditions were optimal for the formation of extremely large hail, damaging wind gusts and intense localised rainfall as days of thunderstorm activity impacted the region between Brisbane and Sydney.
"This event is the second billion-dollar SCS event within a month and ranks among the top five SCS events in the last 60 years in Australia. This was asignificantly more destructive event than the October storms with hailstones the size of tennis balls or larger in some Brisbane suburbs causing substantial damage to roofs, facade claddings, solar panels and motor vehicles," PERILS Head of Asia Pacific and Cyber Darryl Pidcock said in press statement.