ILS maturing nicely, but education still needed: Mayer Brown, ILS NYC 2021

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FULL ORIGINAL PUBLICATION HERE Overall, the insurance-linked securities (ILS) market is maturing in an attractive manner but as new sponsors and jurisdictions enter the fold, there’s a need for continued education, according to global law firm Mayer Brown. The legal work in the ILS world is significant and critical in driving innovation and ensuring everything […]

ESG opportunity can be meaningful for ILS: Nephila’s Schauble, ILS NYC 2021

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FULL ORIGINAL PUBLICATION HERE Today, there’s a significant amount of capital looking to be deployed in an environmental, social, and governance (ESG) friendly way, which represents a material opportunity for the insurance-linked securities (ILS) asset class, says Barney Schauble, Head of Labs at Nephila Advisors. Day two of our fifth annual and first virtual ILS NYC […]

Jamaica: World Bank cat bond still underway. Gets CCRIF rainfall payout for Zeta & Eta

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FULL ORIGINAL PUBLICATION HERE Jamaica continues to work with the World Bank on a first catastrophe bond for the country the Finance Ministry has said and reflecting the importance of disaster risk financing, in recent weeks it has received a roughly $3.5 million payout under its parametric CCRIF insurance coverage. The payout comes after the […]

FULL ORIGINAL PUBLICATION HERE Central Asian countries will benefit from a better understanding of their natural disaster risks, which in time could lead to greater use of risk transfer, insurance and reinsurance capacity in the region, as the World Bank supports a multi-peril risk assessment project for the region. One of the first steps in […]

ORIGINAL PUBLICATION HERE The cost of adapting to climate change increases every year. Between now and 2030, adaptation in developing countries is projected to cost US$180 billion annually and skyrockets to US$280-500 billion as we get closer to 2050. The past five years are among the warmest ever recorded and the economic impacts from tropical […]

Climate risk protection gaps need capital market (ILS) solutions

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FULL ORIGINAL PUBLICATION HERE The physical climate risk protection gap, so the gulf between climate related losses covered by insurance, reinsurance or risk transfer and those going uncovered, is widening, but instruments such as insurance-linked securities (ILS), catastrophe bonds and other blended financing solutions can help to narrow this gap. In real estate the climate […]

FULL ORIGINAL PUBLICATION HERE Asia will drive the growth of the global insurance market in the years to come. Technological innovation along with solid financing and the right policies will be needed to make sure as many people as possible in the region get the insurance protection they need. The demand for insurance in Asia […]

ORIGINAL PUBLICATION HERE. INTELLIGENT INSURER WEBSITE PUBLICATION HERE. In a webinar hosted by Intelligent Insurer’s Re/insurance Lounge, AkinovA CEO Henri Winand and Kirill Savrassov of Phoenix CRetro explored the possibilities for ILS to expand into new geographies and lines of business. A significant motive for bringing insurance-linked securities (ILS) to new geographies is diversification of […]

Izmir, Turkey earthquake industry loss estimated at EUR 55m by PERILS

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FULL ORIGINAL PUBLICATION HERE The earthquake that struck off the coast of Turkey on October 30th and devastated some areas including the Izmir region is estimated to have only cost the insurance and reinsurance industry EUR 55 million, according to an estimate from PERILS AG. The earthquake cause significant property damage around the Izmir region, […]