Printed from BusinessInsurance.com

ILS market continues to broaden, but further innovation required: Report

Posted On: Apr. 27, 2017 4:00 AM CST

A report by U.K.-based insurance broker Willis Towers Watson P.L.C. said the insurance-linked securities market continues to broaden in terms of products and perils despite spread levels and margins continuing to decline, which is driving a need for further market innovation, Artemis.bm reported. The report said that nonlife catastrophe bond issuance totaled $1.7 billion in the first quarter compared to $2 billion in the first quarter of 2016. An official at WTW said that the ILS market will grow in the future as reinsurers and other players invest in the space.

Read more.