Initially, Perils estimated the loss to be NZ$1.54bn, which it has increased based on claims data collected from affected insurance companies.
Perils ups Cyclone Gabrielle loss estimate to NZ$1.9bn
![perils logo generic 2023.png](https://assets.euromoneydigital.com/dims4/default/5db8402/2147483647/strip/true/crop/620x380+0+0/resize/840x515!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F27%2F14%2Fcee876354bfe81daff13c0c72c9b%2Fperils-logo-generic-2023.png)
Initially, Perils estimated the loss to be NZ$1.54bn, which it has increased based on claims data collected from affected insurance companies.