While the Asia region is expected to see steadily increasing activity in catastrophe bonds and other insurance-linked securities (ILS), Fitch Ratings believes the participation of regional investors needs to increase, while continued development of regulatory frameworks and local expertise is also required.
Fitch Ratings said that it anticipates, “a gradual increase in insurance-linked securities (ILS) transactions in Asia, supported by rising investor interest and emphasis on climate change mitigation.”
The fact the region now has two hubs for issuance of insurance-linked securities (ILS), in Singapore and Hong Kong, is seen as a positive and a factor that can “bolster market growth and stability.”
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