ILS, cat bonds & parametrics can help re/insurers innovate to expand nat cat coverage: Fitch
A new report from Fitch Ratings has suggested that insurance-linked securities (ILS), catastrophe bonds, and parametric insurance solutions can help re/insurers innovate in order to balance the conflicting goals of expanding access to affordable natural catastrophe cover, without impairing underwriting principles. In the report, the agency highlights how socioeconomic factors such as wealth creation and […]