Close this search box.

Cat bond & ILW activity help drive PERILS-based transaction limit higher

An increase in use of PERILS industry loss triggers in industry-loss warranty (ILW) transactions focused on European windstorm risk, plus the buoyant catastrophe bond market, have helped to drive PERILS-based limits at risk up 11% to US $3.2 billion, as of the end of August.

PERILS AG, the Zurich-headquartered provide of catastrophe industry loss data and indices for use in reinsurance and insurance-linked securities (ILS) risk transfer transactions, has provided an update on the use of its data within risk transfer triggers.

Overall, PERILS data has been used in the placement of some US $20.2 billion of limit in reinsurance and retrocession transactions, largely capital markets backed, since 2010.

That represents 340 transactions, in catastrophe bond (ILS) and industry loss warranty (ILW) form.


Skip to content