The majority of insurance-linked securities (ILS) fund managers are interested in cyber re/insurance risk and are free from mandates prohibiting engagement, suggesting the ILS space is “quite ready to consume more cyber insurance risk,” according to Tom Johansmeyer, Head of PCS.
A recent survey conducted by PCS, a Verisk business, sought to gauge ILS fund manager sentiment for cyber insurance and reinsurance risk and explore misconceptions about ILS appetite, amid a lack of capacity in the cyber marketplace.
The first of its kind study includes representatives from 24 ILS funds, representing 78% of the ILS market by assets under management (AuM).
FULL ORIGINAL PUBLICATION HERE
