ILS complementary for transferring, funding risks of large infrastructure projects: Singapore’s MAS
Insurance-linked securities such as catastrophe bonds are seen as a complementary mechanism to help provide the necessary capital to transfer and fund the risks of large infrastructure projects in Asia, according to Lim Cheng Khai of the Monetary Authority of Singapore (MAS). Speaking at International Association of Engineering Insurers annual conference in Singapore earlier today, […]
Cat 5 Florida hurricanes could drive $300bn plus insurance market loss: Swiss Re
Under certain scenarios, a category 5 hurricane ploughing into Miami or Tampa Bay has the potential to drive more than US $300 billion of losses across the global insurance and reinsurance market, Swiss Re’s Institute said today, while also explaining the importance of reinsurance and ILS capital in protecting the state. In addition, the research […]
CCRIF lifts parametric risk pool coverage another 14.5% to $1.8bn for current policy year
CCRIF SPC, the regional parametric risk pool for the Caribbean and Central America has announced that it has expanded its coverage to US $1.8 billion for the current policy year, a 14.5% increase from the $1.57 billion the organisation reported in early June, showcasing that demand for parametric coverage significantly outpaced expectations. This total also represents a […]
Swiss Re highlights growing catastrophe protection gap as nat cat losses rise 5-7% annually
Reinsurance giant Swiss Re has highlighted how growing natural catastrophe risk remains a significant driver of reinsurance demand, as insured nat cat losses continue to follow a 5–7% annual growth rate, driven by increasing exposures, rising asset values and changing hazard patterns. Crucially, this rise in societal exposure underscores an expanding catastrophe protection gap, as […]
Cat bond and ILS market well-positioned for disciplined, continued growth: Artemis London 2026
The catastrophe bond and insurance-linked securities market remains well-positioned, even as reinsurance market conditions soften, with speakers at our Artemis London 2026 conference yesterday highlighting the discipline in the market and that this is expected to persist, while growth opportunities are still evident. We held our Artemis London 2026 conference on September 1st and had around 220 attendees through […]
India’s NCDEX expands parametric weather derivative offering to Chennai rainfall
The National Commodity and Derivatives Exchange (NCDEX) has expanded its range of parametric weather derivative products, launching a futures contract to enable participants to hedge the financial exposure of rainfall extremes and variability in the city of Chennai and surrounding area. It’s the second location in India where rainfall weather derivatives are now available, after the […]
SEADRIF makes over $1 million in payouts to Lao PDR and WFP under parametric policies
The Southeast Asia Disaster Risk Insurance Facility (SEADRIF Insurance Company) has made payouts of USD 1.14 million to the Government of Lao PDR and the United Nations World Food Programme (WFP), after heavy rainfall and widespread flooding triggered both Lao PDR’s two-year parametric sovereign policy and WFP’s 2026 disaster resilience policy. Prolonged southwest monsoon conditions […]
European convective storms in July estimated an almost EUR 2.2bn industry loss: PERILS
A wave of severe convective storms that swept across Germany, France, Switzerland, and Italy in Europe between 13th and 19th July 2026 are estimated to have caused an insurance industry loss of EUR 2.186 billion, according to catastrophe data aggregator PERILS AG. Notably, this outbreak of severe convective storms (SCS) across Europe is already the […]
EIB and WFP launch parametric insurance scheme to protect Ethiopian smallholder farmers
The European Investment Bank (EIB), through its development arm EIB Global, is issuing a grant of up to €4 million to the United Nations World Food Programme (WFP), which will be used to support the development and rollout of parametric insurance products to protect smallholder farmers in Ethiopia. According to the announcement, roughly 210,000 smallholder […]
ILS and broader securitisation key to absorbing nat cat risk: Schroders Capital
The increasing need for capital to manage and mitigate natural hazard risk is creating strong opportunities for investors, according to Schroders Capital, who emphasises that by allocating to catastrophe risk through insurance-linked securities, broader securitisation, and other risk-transfer markets, investors can secure attractive returns by absorbing catastrophe risk when pricing reflects expected losses and required […]