At 19:54 local time on 16 September 2015, an earthquake of magnitude 8.3 struck the Chilean coast west of the town of Illapel, about 230km to the North of Santiago. A tsunami wave of about 3-5 meters was triggered from this earthquake. Within less than 10 hours after the main shock, more than 35 aftershocks of magnitudes 4.7-7.0 were recorded.
The earthquake occurred almost 500km further North than the 2010 Maule earthquake (Magnitude 8.8) but at about a similar distance to Santiago. Due to the smaller tsunami and lower magnitude, we do not expect a large reinsurance impact from this event.