Following conversations with a number of market sources, it seems that the market for industry-loss warranty (ILW) protection has softened year-on-year, following on the heels of the catastrophe bond market as capacity turns its attention to ILW’s in the run up to the renewals.
inflow-capital-money-investJust the other day we explained that indicative pricing for industry-loss warranties (ILW’s) has jumped higher year-on-year, but it turns out this is just broker pricing sheets catching up to more realistic pricing levels after many had been indicating rates that were far too low a year ago.
That caused a number of contacts in the ILW capacity providing and broking market to reach out, to provide some colour on where pricing actually sits in 2021.
FULL ORIGINAL PUBLICATION HERE
