For industry loss warranty (ILW) markets opportunities are plentiful heading into 2023, but it’s up to the industry to take advantage of it as more concepts are expected to continue to gain traction, according to Tom Johansmeyer, Head of PCS, Verisk Insurance Solutions.
“There’s plenty of opportunity, but the real question is whether the industry will climb out of its rut to take advantage of it,” Johansmeyer told Artemis in a recent interview.
Once again, he explained, both the ILW and cat bond markets are already in demand, and alongside catastrophe ILWs, PCS is working clients on specialty lines ILWs, including marine, energy, aviation, and terror (MEAT).
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