Hmmmm.....even now, their outlook on frequency and impact of...

Hmmmm.....even now, their outlook on frequency and impact of insured events seems somewhat on the 'hope and pray' side of reality :

Following the South Australian hail and Victorian wind event, and other events that impacted the
second half of October, IAG has increased its expectation for FY22 net natural perils claim costs to
$1,045 million, compared to the previous assumption of $765 million. This estimate includes
$535 million for the first four months of FY22 as follows:
- $204 million for events incurred in the three-month period ending 30 September;
- $142 million for weather events across Eastern Australia in October;
- $169 million attributable to the South Australian and Victorian event; and
- $20 million of attritional events incurred in October.

This appears to leave an 'allowance' of $510M for the remaining 8 months (including stormy East Coast summers), after being belted with $535M of claims in 4 months.
Perhaps their actuaries/analysts who develop the policy premia need to take up offices in the Bureau of Meteorology.

I know there's a 'perfect storm' joke lurking here when it comes to IAG and it's results, I just haven't been able to mentally frame it yet.....