Catastrophe capital important measure of risk readiness: Willis RePosted On: Jul. 10, 2018 5:58 AM CST
A report by U.S.-based reinsurance broker Willis Re Inc. said that insurers and reinsurers are increasingly looking at catastrophe risk capital as a measure of capital adequacy, Artemis.bm reports. Willis Re said that 98% of respondents across the world have either already adopted a formal risk appetite or will do so within three years. Insurers and reinsurers are likely to seek catastrophe-focused capacity from the capital markets and insurance-linked securities players, the report added.