While both the insurance-linked securities (ILS) and parametric markets remain nascent in parts of Asia-Pacific compared to other regions, the potential to expand is clear, leading broker Marsh Re’s APAC Chief Executive Officer (CEO), Tony Gallagher, to forecast that these markets will build out.
Speaking to Artemis at this year’s Rendez-Vous de Septembre in Monte Carlo, Gallagher highlighted how the APAC region has potential to grow further within the ILS space, as well as the parametric market.
In recent years, the APAC region has moved past isolated transactions and has transitioned into a broader ecosystem, where multiple reinsurers are exploring ILS.
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