According to initial estimates, the winter storms “Zeynep” and “Ylenia” are likely to cost insurers more than 1.4 billion euros.
"Zeynep" alone caused insured losses of more than 900 million euros, said the management consultancy Meyerthole Siems, which specializes in actuarial mathematics.
"Zeynep" was the most intense storm since "Kyrill" in 2007.
"For Germany, we are assuming insured losses of over 900 million euros," said Managing Director Onnen Siems.
The company had previously estimated the insured damage from the previous storm "Ylenia" at 500 million euros.
Insured damage is only damage that is ultimately covered by an insurer.
The total damage caused by storms and other natural catastrophes is generally higher, sometimes quite considerably.
In contrast to "Kyrill", "Zeynep" hardly hit the southern half of Germany.
South of a line from Saarbrücken to Nuremberg, the effects are small, it said.
"Kyrill" had caused much higher insured losses, in today's values it was more than 3 billion euros.