Micro-catastrophe bonds show growing potential for use in disaster risk financing: OECD
A trend towards smaller catastrophe bond issues becoming more feasible as market infrastructure improves has been highlighted by the Organisation for Economic Co-operation and Development (OECD), who suggest that what they term micro-catastrophe bonds have relevant application in disaster risk financing initiatives. A policy brief authored by Kensuke Molnar-Tanaka and Prasiwi Ibrahim of the OECD […]
Interconnected systemic risks highlight need to expand ILS capacity: Swiss Re & LSE
A new joint analysis published by Swiss Re Institute and LSE has highlighted how artificial intelligence (AI) and supply chains are opening new pathways to systemic stress as risks become increasingly interconnected, which is driving a need for expanded capacity and leading them to highlight ILS as a crucial capital source. Data from the research, […]
Re/insurers unable to close nat cat protection gap alone, says Moody’s
A new Moody’s report emphasises that the protection gap in natural catastrophe losses cannot be closed by property and casualty (P&C) insurers and reinsurers alone, with more than 50% of these losses uninsured in 2025. The report finds that since 2015, 57.8% of catastrophe losses have gone uninsured, while the damages from nat cats has […]
ILS can play a broader role in narrowing the global protection gap: Moody’s
As the severity and frequency of natural catastrophe events continue to grow, addressing the protection gap remains an important focus, which has led Moody’s to call out that scaling the capital markets and tapping into the insurance-linked securities market can help narrow the gap as it continues to grow. In a recent article published by […]
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 […]