ILS: simple, powerful, and accessible for all

“Insurance-linked securities (ILS) offer a good alternative or complement to reinsurance, and nothing complicated,” said Kirill Savrassov, convenor of the ILS Education Programme, lamenting how ILS has often been viewed as a niche product reserved for sophisticated markets or large financial institutions. 

“For developing countries ILS instruments such as sovereign parametric catastrophe bonds, are often the only viable way to provide immediate post-disaster response, while use of ILS techniques such as collateral trusts is the only way for local insurers and reinsurers to take an equal part in the global reinsurance market,” Savrassov explained, quick to dismiss the notion that ILS was a complex subject for those outside the financial elite.

Savrassov and his partners are passionate educators in the ILS space who believe that sometimes it is perceived as overly complicated or even alien.

FULL ORIGINAL PUBLICATION HERE

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