Insurance-linked securities (ILS) and catastrophe bonds have reached 26.8bna record $, 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.
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.