IA’s Stephen Yiu hails ILS a ‘blue ocean’ opportunity for Hong Kong’s insurance brokers
As insurance-linked securities (ILS) continues to gain momentum in Hong Kong, Stephen Yiu, JP Chairman of the Hong Kong Insurance Authority (IA) believes that the market is a “blue ocean” for Hong Kong’s insurance brokers, and an opportunity not to be missed. Yiu, speaking at the CIB Annual Conference, explained that increasingly frequent and severe […]
Abu Dhabi regulator seeks input on potential ILS framework, synthetic sidecar concept
The financial regulator in Abu Dhabi is asking for stakeholder and industry feedback as it considers developing a framework to support growth of an insurance-linked securities market there, while also seeking input to a concept for a “synthetic sidecar” structure that would sit within a regulated insurance entity. The Financial Services Regulatory Authority (FSRA) of […]
Convergence of tokenisation and ILS an opportunity for Bermuda: BMA
According to the Bermuda Monetary Authority (BMA), the convergence of tokenisation with Bermuda’s traditional insurance-linked securities (ILS) sector presents opportunities to enhance liquidity, reduce transaction costs and expand access to insurance risk transfer across the British overseas territory. Asset tokenisation, which signifies a transformative method within blockchain-based digital asset representation, is attracting significant interest within […]
ESMA policy officer says 10%+ of cat bonds in UCITS funds risks blurring lines with Alternative Investment Funds
Since the European Securities and Markets Authority (ESMA) published its technical advice to the European Commission (EC) on the UCITS Eligible Assets Directive (EAD) and what that could mean for catastrophe bonds in UCITS funds, the Authority has been notably silent on the matter. As we reported at the time, ESMA gave a conceptual view that […]
ILS and cat bonds will help close India’s protection gap: FAIR panel
In a recent panel discussing how reinsurance strategies can expand insurance access in India, Mahipal Reddy, Executive Director, International Financial Services Centres Authority (IFSCA), GIFT City, Gujarat, suggested that the analytical framework already set in place for catastrophe bonds and insurance-linked securities (ILS) will drive the popularity of parametric solutions. At the 29th Federation of […]
G20 Ministers call for scaling up of parametric insurance, risk pools, catastrophe bonds
Ministers from the G20, or Group of Twenty forum for global economic cooperation, recently came together in South Africa for annual meetings and the Disaster Risk Reduction Working Group advocated for the enhancement of risk transfer solutions, particularly including use of parametric insurance, risk pools, and catastrophe bonds. Recognising their shared commitment to disaster risk […]
UK becoming more competitive jurisdiction for insurance-linked investment: PRA’s Khan
With implemented and planned reforms to its insurance-linked securities regulatory regime, the United Kingdom is “becoming a more competitive jurisdiction for insurance-linked investment” according to Shoib Khan, Director, Insurance Supervision at the Prudential Regulation Authority (PRA) of the Bank of England. Speaking at a recent event in London, Khan explained that the updates planned and […]
Monetary Authority of Singapore details non-APAC risk features of refreshed ILS grant scheme
The Monetary Authority of Singapore (MAS) has now confirmed details of the refresh and extension of its insurance-linked securities grant scheme, with grants now available to cover some of the upfront costs of issuance for catastrophe bonds covering risks outside of the Asia Pacific region, as well as for other ILS arrangements. The refresh and […]
China regulator calls for domestic re/insurers to sponsor sidecars in Hong Kong
Chinese financial markets regulator the National Financial Regulatory Administration (NFRA) has issued guidance for domestic China market insurance and reinsurance companies to sponsor collateralised sidecar structures out of Hong Kong. Continuing to recognise the potential benefits to the domestic China insurance market of accessing third-party investor sources of international capital to fund growing reinsurance needs, […]
MAS to encourage livelier capital markets for alternative risk financing, strengthening Singapore’s insurance hub status
The central bank will extend its support to cover non-Apac risks and renewable energy products, while continuing to prioritise solutions that address the region’s needs. [SINGAPORE] The Monetary Authority of Singapore (MAS) has refreshed its insurance-linked security (ILS) grant scheme to offset issuance costs, encourage broader market participation and innovation, and support the growing demand […]