Demand for ILS to continue as true convergence edges closer
Tuesday, 11 29 2016, Category: Insurance and Reinsurance, Country: World
The sophisticated insurance-linked securities (ILS) investor base continues to fuel demand for insurance and reinsurance-linked exposures, and the persistent flow of third-party capital is bringing the traditional and alternative space closer together, according to ILS and reinsurance industry leaders.
Addressing an audience at the 2016 meeting of the reinsurance industry in Bermuda, a panel sponsored by ratings agency Standard & Poor’s (S&P) and PwC Bermuda highlighted the continued growth of the ILS space.
At a reported $75.1 billion in size the alternative market continues to increase its share of the overall reinsurance market pie, and the convergence of the traditional and alternative reinsurance markets look to be edging ever closer, explained the panel.