As the insurance-linked securities (ILS) market continues to evolve, both catastrophe and non-catastrophe models are critical components for trading, particularly in the 144A format, according to executives at Moody’s, who told Artemis that they view the ILS sector as a “very important element” of the re/insurance market.
Artemis spoke with Charlotte Acton, Senior Director- Advisory Services, Moody’s Insurance Solutions, and Simon Harris, Managing Director, Moody’s Corporation, during RVS 2025 in Monte Carlo, who highlighted how critical and important both cat models and non-cat models are towards assessing and pricing within the ILS space.
“I’d say they’re absolutely vital to the ability to trade, particularly in the 144A format, and you’ve seen that over the decades the market has been there, time and time again. You see new perils come to the market, because there has been an advancement in the modeling landscape which has enabled that to happen, and without that, you don’t see it,” Acton said.
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