ILS market continues to broaden, but further innovation required: Report
Posted On: Apr. 27, 2017 4:00 AM CSTA 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.