Whilst the casualty insurance-linked securities (ILS) space continues to emerge as a transformative capital source for long-tail risk, data-and-analytics specialist Allphins argues that ILS investors in casualty risk deserve the same level of transparency in exposure and systemic risk understanding that natural catastrophe investors have long been receiving.
The casualty ILS market has experienced significant growth in the last year, with deal flow activity within the space moving at a steady pace.
Moreover, the casualty ILS market size at any point in time is particularly hard to estimate, due to the fact that many deals stay private and many-whole account ILS sidecars sometimes include a large casualty element. But, public disclosures have previously suggested that the casualty ILS space has likely already exceeded $5 billion, up from less than one billion in 2022.
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