The lectures and course materials are robust, covering the topic from different perspectives, i.e. investor, issuer, etc.
I am completing my dissertation on alternative risk transfer and this course is providing a wealth of information."
I highly recommend this course to anyone who has an interest in ILS. At African Risk Capacity our entire Underwriting & Actuarial team has participated in the course and all the participants are unanimous in their appreciation of the course. We will be working with the convenors of the course to increase the participation through innovative partnerships.”
The curriculum is organized in a way to build solid comprehension over the short two month period, and to provide practical insights and understanding of ILS instruments.
The lecturers were world-class and attentive to the questions and learning needs the student cohort.
As a legal and governance advisor to three sovereign risk pools covering nearly 80 countries, I found the course an invaluable addition to build multidisciplinary tools and the knowledge-base required to serve disaster risk finance initiatives.
In addition to a core body of theoretical lectures, the course also brings in leaders from across the ILS spectrum, who share their knowledge and experience unfiltered. This combined approach helps consolidate learning and understand how ILS works in the real world from those who know it best.
I would recommend this course to anyone wanting to expand their understanding of financial risk transfer, and to gain insight into the exciting world of insurance linked securities."
Session from a guest lecturer is a unique chance for communication with international ILS experts/Leaders and gain more insight of the ILS market dynamics. I would highly recommend this course who are keen to understand ILS market, opportunities to change the way of looking and climate risks."
“Fundamentals of Insurance-Linked Securities (ILS)”は、ILS業界に関心がある方々にとって最高のオンライン学習プログラムだと思います。講義、教材及び講師やゲストスピーカとのディスカッションを通じて、ILSに関する基礎的・応用的な知識を幅広く習得できます。また、著名なILS実務家や世界中のクラスメート・卒業生との貴重なネットワークも構築できます。”
The course helped me not only to understand the ILS market and its fundamental but also how to view a particular product (eg: Cat bond) from the perspective of all parties involved such as the investor, sponsors and intermediaries etc.
The best part of the course was touching all aspects of ILS branches and practical knowledge of the lecturers. Its also worth mentioning that the wealth of repository offered for the course adds value to my understanding for long run."
Well-paced and twice-weekly consistency ensures good retention of learning.Systematic delivery and good course structure - no other platform as such. My prior experiences trying to search for information has been very challenging and time-consuming and the course is an effective and efficient means to learn.
Warm class atmosphere where open dialogue is encouraged and all questions are welcome. Small, inclusive class size, great starting point to know people with similar professional/academic interests. Direct access to guest speakers who are market and academic professionals as well."
It was a great, timely opportunity to be part of this unique ILS program with excellent teaching faculty and guest lecturers.
My favorite parts of this program were: detailed analysis of some recent cat bonds and other ILS asset classes and insights about the role of ILS from multiple perspectives – asset managers, (re)insurers, and sovereign risk transfer.
Overall, it was a very enriching experience!"
Gostaria de agradecer a Kirill Savrassov e Toby Pughe pelo entusiamo e visão em criar o primeiro curso certificado global em ILS ministrado, e todo o esforço dedicado para que nos dessem todas as perspectivas da cadeia ILS, bem como a importância que tem nas Catástrofe e outros mercados e como este tipo de Transferência Alternativa de Risco (ART) pode ajudar governos e economias em diferentes eventos catastróficos e como as seguradoras e resseguradoras também o utilizam. E, claro, qual é o ponto de vista do investidor nisso tudo.
Kirill e Toby ainda estão fazendo um importante trabalho e esforço para aumentar o apoio que este curso internacional já obteve de várias associações e universidades internacionais.
Muito obrigado por esta experiência e grata por ter conhecido todos vocês."
Increasingly, the topic of climate and disaster risk finance and insurance and its many advantages is being discussed among national and local governments, the private sector and civil society and within the wider development partner landscape.
No single approach promises to be a "silver bullet" in responding to some of the greatest challenges of our time, however-- the course instructors manage, equipped with excellent facilitation skills, patience and expertise, to conceptually blend ILS as a specific asset class and risk transfer solution into an integrated approach towards resilience building efforts. This helps bring together a wide array of "communities" of professionals whose background and language may differ vastly and thus addresses a critical gap in capacity development and higher education.
The course, "Fundamentals of Insurance-Linked Securities (ILS)" assisted me in to further building and elaborating in-depth knowledge on this innovative modality of risk transfer and convergence with the capital markets that is certainly unique in its offering and comes with a plethora of shared materials, lectures and a warm and embracing style of delivery of the topic at hand.
I can only recommend this whole-heartedly to anyone who is currently looking into solutions to further close the global protection gap and their knowledge thereof.”
I am sure that the introduction of this course into China will be a great surprise to the Chinese insurance industry. After all, the role of the ILS in the "Belt, and Road Initiative" project is obvious to all. I hope that more people can find the ILS course fascinating!”
Furthermore, I gained a lot of exposure to the other delegates and got a great opportunity for networking. After attending the course, I am applying the skills that I learnt which I believe will be a great contributor to the result of the projects I work on. I have and will continue to recommend this course to others”
During this period, the teachers organized theoretical knowledge and practical cases related to insurance, securities and risks, including the case explanation of the Belt and Road project, as well as the problem analysis of natural risks and disasters. Method has helped to a great extent.
Until today, I have passed the exam of this course and obtained the relevant certificate, which will help me in my personal career, and I will also recommend it to my business partners and schoolmates. Learn more about the course content at ILS together”
In the class, the professor organized theoretical knowledge and practical cases related to insurance, securities, and risk, including the "Belt and Road" project case study, as well as the analysis of natural risks and disasters. These methods will be very helpful for my future career. Although I passed the course and received the certificate, I will continue to learn about financial insurance. And I would recommend this course to anyone who wants to expand their understanding of financial risk transfer and gain insight into the exciting world of insurance-related securities. Not to be outdone, the course also attracts leaders from the ILS field who will share their knowledge and experience in a knowledgeable manner. This comprehensive approach helps to consolidate learning and understand how ILS works in the real world from the people who know it best.
I am sure you will love it!"
首先，我应该感谢Kirill Savrassov和Toby Pughe在过去两个月的精彩讲座和讨论!在课堂上，教授组织了与保险、证券和风险有关的理论知识和实际案例，包括 "一带一路 "项目的案例分析，以及自然风险和灾害的分析。这些方法对我今后的工作很有帮助。虽然我通过了课程并获得了证书，但我将继续学习金融保险知识。而且，我会向任何想扩大对金融风险转移的理解并深入了解与保险有关的令人兴奋的证券世界的人推荐这一课程。该课程有来自ILS领域的领导者，他们将毫无保留的分享他们的知识和经验。这种全面的方法有助于巩固学习，并从最了解它的人那里了解ILS在现实世界中是如何运作的。我相信你会喜欢它的!
I greatly recommend for anyone wanting to expand their knowledge in Parametric risk transfer, Disaster Risk Financing and gain more insights on how Insurance Linked Securities are used in the global markets to respond to natural disasters. You won't be disappointed.”
It was with this in mind, I enrolled onto the online course on The Fundamentals of Insurance-Linked Securities so as to gain insight on how such securities are used and applied in the global market. I highly recommend this course to anyone seeking to understand the ILS industry."
I highly recommend for anyone interested in expanding knowledge in Insurance Linked Securities world."
"Para mim foi uma grande oportunidade de aprendizado uma vez que o curso destaca a indústria de Insurance-Linked Securities. Todo o conhecimento trazido pelos materiais de estudo e recursos são únicos. A experiência compartilhada pelos conferencistas e palestrantes convidados adicionam valor relevante ao programa.
Eu recomendo fortemente para aqueles que tem interesse em expandir o conhecimento no mundo de Insurance-Linked Securities."
I leapt at the opportunity to participate in this pioneering post-graduate “ILS Fundamentals” course which runs twice a week for six-weeks. It turned out to be a real godsend since it updated my knowledge of this market.
The course exceeded my expectations in the following ways:
- The ILS market is evolving rapidly, both in value at risk and as an additional tool for investor diversification and as non-correlating assets. The course therefore brings you to the forefront of market movers and shakers, whilst updating your ILW knowledge to being relevant for right now.
- It covered the value drivers of ESG, and the roles and perspectives of all the stakeholders in the ILS chain, e.g., sponsors/issuers, the client, structurers, modelers, the role of the SPV, pricing and spreads, the ILS Fund Managers, book runner and managing the expected risk return profile of the investors and collateralisation of the coupon and trust agreements.
- It delved deeply into Catastrophe Bonds (Indemnity /non indemnity), Industry Loss Warranties (ILW), Contingent Loan Financing, Weather Derivatives, the role of Risk Pools and the economic drivers of finding solutions for the enormous impact that climate change will have on the world, as well as the significant ILS role that it can play in that space.
This is just a mere taste of the fascinating course chapters that build your interest in the ILS world, which are complemented by real clients and key industry heavyweights such as Urs Ramseier of Twelve Capital which share their story.
I thoroughly recommend the course and its presenters for anyone linked to the industry or anyone who wants to expand their knowledge in this unique market segment.
The lecturers are considerably knowledgeable and explained each topic in an easy-to-understand and multifaceted manner. In addition, there are opportunities to network with specialists in the industry, which is one of the great attractions. I would highly recommend this course to both beginners interested in ILS and experts in this field.
I would like to thank you Kirill, Toby, and everyone involved.
Kirill, Toby, 関係者の皆様に感謝いたします。
The Fundamentals of Insurance Linked Securities course is a fully accredited, extremely well curated learning experience. It is presented in an engaging format by two highly experienced ILS practitioners, Toby Pughe FCII and industry doyen Kirill Savrassov Cert ILS. With two live lectures a week totalling three to four hours, an online resource platform filled with news archives, fact sheets and pre-recorded lectures, I had everything at my fingertips to maximise my ILS knowledge upload.
The live lectures are professionally prepared with both depth and breadth of information, imparted at a pace that allowed discussion and plenty of time for Q&A throughout. The guest lecturers included leading ILS luminaries such as Dr Urs Ramseier, Founding Partner and Chairman of Twelve Capital, top reinsurance lawyer Clive O’Connell, Oleg Kapinos CAIA, Senior Investment Product Specialist at Tokyo Marine Asset Management and Phillip Pettersen, NED at African Risk Capacity.
Executive education courses really don’t come much better than this. If you are committed to being at the forefront of the growing alternative risk transfer/ILS and disaster risk financing industry then this course, in my humble opinion, is a must.
Each year I undertake an online executive education programme with a six-to-twelve-week duration, often with globally renowned institutions. The Fundamentals of Insurance Linked Securities course is, without doubt, the best constructed and delivered course I have undertaken to date.
We were guided far past just the fundamentals, and the exposure to real-time industry specialists created an environment of active learning and understanding of alternative risk transfer and the capabilities thereof. The course is designed with the busy professional in mind and the lecturers, permanent or guest, provided valuable insights into the world of ILS.
If you want to have a peak into the future of risk transfer, don’t wait to enrol!"
The course was well designed covering all the aspects of ILS from insurer, reinsurer, assets manager and disaster risk management point of view.
The credit point earned upon qualifying will help in further studies in universities across Europe is another important aspect of the course.
Thanks to Toby & Kirill for taking the initiative to promote the importance of ILS across the globe."
The course has enriched my understanding of ILS products such as catastrophe bonds, parametric insurance products, sovereign disaster risk management tools among others.
I certainly recommend this to anyone willing to learn more about the world of ILS.”
It was refreshing that the facilitators are experienced and knowledgeable practitioners within the ILS value chain. They addressed the topics authoritatively and were also keen to share their own professional views and experience. As a mid-career reinsurance professional, the timing of the course was just perfect for my growth.
The content is relevant to the moment, as we in the African (re)insurance sector continue to seek alternative and/or complimentary solutions to the intractable problem of the protection gap in our motherland and much of the developing world.
I'm therefore thankful that I attended the course and I'm ecstatic to be designated Cert ILS!”
First, you can get to know and contact people who are experts in the ILS world and familiarize yourself with different thoughts from insurer and investor standpoints. The next is the contents covered by the course, which I found interesting, particularly the pricing section.
For me, who has been researching CAT bonds with a concentration on theoretical stuff, it has been a crucial point to understand some concepts that have been applied in different ways. This course helped me to find out the answers to some of the questions I had in mind.”
The rapid expansion is another evidence of the attractiveness of the business model, which involves bringing insurance to a larger group of investors in a way that is both more robust and simpler than investing in an insurance firm.
The most important thing, however, is that our team can not only highly appreciate this course for making most of the ILS basic crystal clear, but also for giving a lot of clues to our company continued growth and expansion, especially in fields beyond ART itself."
We were very well served in any format; pdf documents, podcasts, videos, links to specialized websites and even invitations from professionals and industry heavyweights.
I have never been so well served in knowledge, thank you very much Kiril and Toby"
Thank you to our lecturers Kirill and Toby for presenting us with your expert tutelage.
I can recommend it to anyone interested in the topic! ART is indeed an art."
Special thanks to Kirill Savrassov, Cert ILS , Toby Pughe and guest speakers for generously sharing the insights!"
Content, delivery, organization, additional material, availability and response at all hours to any queries. Thorough and enlightening with great guest experts to provide worldly insights.
Highly recommended! Thank you"
The modules, charts, discussions, tools were perfectly organized, always available, timely prepared, meaningful and extremely useful for further application. Technical support of the course and its structure as well as on-line platform was on a very high level. Professionals and world recognized specialists invited for the lectures made vivid and live communications.
Fundamentals of ILS is a highly recommended course for those who have desire and ability to master new professional skills in the financial market with further finding out new perspectives of such instruments as derivatives or such fundamental long-term enterprise strategy as ESG. The course is a push for self-education.
I see new possibility how to use the ILS in the reinsurance of nuclear risks from Ukraine increasing thus, the reinsurance capacity of Ukrainian Nuclear Pool, triggering new events and making revolution and evolution in the nuclear industry, opening for it new and enormous global financial capital.
A highly recommended course for those wanting to build their knowledge of the ILS industry and it's applications across both the insurance sector and for broader risk management. Thank you!"
I highly recommend it to those interested in enhancing their ILS knowledge and understanding.
I wish to profusely thank Kirill Savrassov and Toby Pughe for sharing their insights."
The lecturers and guest speakers provided in-depth insight of ILS that you cannot find easily.
This course is the best entry point if you are interested in ILS and would like to develop further.
Thanks Kirill and Toby for organizing this! “
The lectures and the lecturers were fantastic and ensured that we the students understood what was taught. We received all learning materials from slides to online videos to guest lecturers and industry experts. Truly amazing learning experience.
I highly recommend the course for anyone that wants to know about Insurance-Linked Securities."
The Fundamentals of ILS course is a perfect mixture of theory and practice orientated approach. It is fully reaching the declared goal to describe the advantages of the synergy insurance and capital markets.
The course is highly recommendable for the insurance and risk management professionals."
This global executive education and qualification program on Insurance-Linked Securities (ILS) is the first ever (and so far the only) course to offer this education and is known to go well beyond just the 'fundamentals' by their distinguished alumni.
The course provides a mixture of the technical aspects of ILS along with practical examples, providing insights on the different types of ILS solutions, how they are used, and the role they play in narrowing the global protection gap. Of particular interest is the future of parametric insurance solutions for broader disaster risk management and helping emerging economies to #buildbackbetter following natural disasters.
Personally, completing this course is part of an overall effort to accelerate my understanding of the (re)insurance industry and how ILS plays a part in this fascinating space.
Thank you to Kirill Savrassov, Cert ILS, Toby Pughe and the extended faculty for your phenomenal efforts."
I am delighted by the quality and value delivered - the lessons learned are being applied "in real life" and the network created via fellow course attendees and alumni is in no small part responsible for being able to do this.
I have no hesitation whatever in recommending this course."
I particularly valued the opportunity for intimate discussion with the panel of global thought leaders featured throughout the curriculum.
I strongly endorse this executive program for those looking to expand their professional knowledge of the industry."
The course would equip you with not just theoretical knowledge on ILS but also practical insights through real-world cases. You would also be provided with invaluable opportunities to access directly to keynote speakers who are all specialists and leaders in the ILS market.
Last but not least, you would become part of an extensive professional alumni group where you can connect and network with insurance practitioners around the globe. Many thanks to both Kirill and Toby for organising this."
Kirill and Toby, the two responsible lecturers, have created a very attractive, well structured and interesting course. Together with external experts, who are bringing in their market experience, the cohort was able to gain a great inside into the various topics of Insurance-linked securities.
Being now part of the ILS community, I am very much looking forward to the various market developments and the respective product solutions. Kirill and Toby, Many thanks for having me in your course and many thanks for your tremendous work!.”
Thanks to Kirill, Toby and all colleagues for the wonderful learning experience.”
The course content was exceptional, offering a perfect blend of theoretical knowledge and practical insights. The instructors were not only experts in the field but also fantastic communicators who made complex concepts easily digestible. Their real-world examples and case studies illuminated the application of ILS in the insurance and financial sectors, making the subject matter approachable for all levels of learners. I would like to thank Kirill Savrassov, Toby Pughe and guest speakers for their excellent delivery of the course content.
The course also kept pace with industry trends, ensuring that I was up to date with the latest developments in the ILS market.
I highly recommend this course to anyone looking to gain a deep understanding of ILS in a structured and engaging manner. It's an investment in knowledge that I'm confident will pay dividends in the future.”
The presentations are well structured, the guest speakers are recognized leaders in their respective fields, the discussions extremely interactive and the additional reading links provided provide the perfect foundation for an level of attendee. ,
The Cert ILS designation is surely one that would surely attract attention and recognition against the other standard (re)insurance qualifications.”
This Learning experience taught me skills that will enable me to continue to develop my Career in Reinsurance and Retrocession and I highly recommend this course.”
The lecturers are highly knowledgeable and experienced, and they explain each topic in a clear and engaging way. In addition to the core curriculum, the course also features guest speakers who are leaders in the ILS industry. This provides students with the opportunity to learn from the experts and gain insights into the real world of ILS.
I highly recommend this course to people working in the traditional (re)insurance world. The risk transfer mechanism toolkit of Insurance-Linked Securities naturally complements traditional (re)insurance market practices. The course is well-paced, informative, and engaging. It has given me a solid foundation in ILS and has helped me to expand my knowledge of ART.
I loved the global vibes, with people tuning in from all over the planet. It fills me with hope that we are making progress towards closing the significant global protection gap for non-peak perils within the next decade."
As the world around us changes, it's good to keep up with how the insurance industry needs to adapt and this course does a good job in that respect."
The course provides a comprehensive introduction to various ILS (Insurance-Linked Securities) products and delves into the intricacies of each one. The content is beautifully designed and is delivered methodically, making it easy to absorb.
What sets this course apart are the moderators who are not only industry experts but also great guys and exceptionally patient. They went above and beyond to address even the smallest of my doubts, providing detailed explanations and fantastic examples. Their guidance helped me keep up with the rest of the cohort.
Throughout the course, we had the privilege of learning from various industry experts who shared their wisdom. This provided valuable insights into the current affairs of the industry, making the learning experience truly enriching.
I wholeheartedly recommend this course to anyone, regardless of their background in insurance. It offers a deep understanding of the ILS market and how it facilitates the transfer of risk from the insurance sector to capital markets, covering everything in between.
I want to express my sincere appreciation for Kirill and Toby for their outstanding work. Their willingness to answer questions in great detail during and after the sessions was instrumental in making this course a success. Thank you for this invaluable learning experience!"
Being uncorrelated with broad traditional market indices, the ILS market provides a great alternative to traditional financial instruments. This is particularly important during periods of financial instability when the demand for safe assets becomes especially high. Thanks to its robust structure this asset class along with traditional instruments can act as a «flight to safety» in times of uncertainty.
The Fundamentals of Insurance-Linked Securities provides a comprehensive view of ILS as a special asset class covering all aspects of the matter from its structure and pricing to up-to-date climate issues. Excellent guest speakers with impressive backgrounds share their unique experience in a friendly and interactive atmosphere with personal insights and constant feedback.
Highly recommended not only for (re)insurance professionals but also for portfolio managers of all kinds to expand their professional competence and an investment horizon."