mortgage - backed securities ( ILS ) and catastrophe bonds have reached a record $ 26.8bn , according to Artemis.bm , indicating " that cat bonds are here to stay and the securities market will continue to grow " . The two asset chains will remain a ##bound and will continue to disrupt the traditional insurance and banking business model . " The disruptive impact of capital markets structuring , efficient third - party capital and technology firms look set to converge , resulting in a more efficient model for reinsurers and risk managers , " according to Steve Evans , owner and editor of Artemis.bm .
Insurance-linked securities (ILS) and catastrophe bonds have reached a record $26.8bn, according to Artemis.bm, indicating "that cat bonds are here to stay and the ILS market will continue to grow". The two asset classes will remain a threat and will continue to disrupt the traditional insurance and reinsurance business model. "The disruptive impact of capital markets structuring, efficient third-party capital and technology innovation look set to converge, resulting in a more efficient model for reinsurers and risk transfer," according to Steve Evans, owner and editor of Artemis.bm.