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Reinsurance: Innovative ILS Addresses Emerging Needs

The past two years have seen innovative issuance of Insurance-linked securities (ILS), addressing different emerging needs, notes S&P Global Ratings (S&P) in a report.

These needs include:
  • The increase in insured exposure (e.g., properties exposed to typhoon risk in China);
  • The protection gap to address the underserved following events such as the earthquake in Haiti;
  • Additional investment around risk mitigation strategies to navigate new forms of volatility that can be protected against with parametric triggers, such as business interruption following no physical damage to property or damage to important infrastructure; and
  • The growing influence of climate change.



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