Mieux connaître les titres liés à l’assurance (Insurance-Linked Securities, ILS)
Avec la BRI, de nouvelle infrastructures permettant une meilleures connectivité ont vu le jour. Mais, les désastres naturels menacent les projets d’infrastructures et peuvent créer de graves crises économiques. Pour limiter ce risque, il existe les insurance-Linked Securities (titres liés à l’assurance), mais les pouvoirs locaux doivent mieux connaître cet outil. L’écart de protection, -la différence entre les pertes économiques et les pertes assurées-, est une illustration brute du fonctionnement du marché de l’assurance et
Narrowing the Education Gap and Insurance-Linked Securities (ILS)
With the BRI, new infrastructure have been constructed. But natural disasters can threaten large infrastructure projects and create financial turmoil in developing countries along the new Silk Road. Insurance-Linked Securities can mitigate this risk, but local authorities need to know more about this tool. The protection gap, the difference between economic and insured losses, is a damning reflection on both the insurance market and those responsible for managing risk. Protection gaps exist in both developed and
Hong Kong ILS regulatory regime effective, ironing out implementation details
ARTEMIS: Changes to Hong Kong’s insurance and reinsurance market regulation came into effect on March 29th, including the new regulatory regime for insurance-linked securities (ILS) business. The Insurance Authority (IA) of Hong Kong has been working hard to put in place the necessary regulatory and tax regime for insurance-linked securities (ILS) issuance and business to be undertaken in the the Special Administrative Region. As we previously explained, the Government of Hong Kong revealed its plans for
20/20 Foresight Podcast: 6 questions in 9 minutes – Phoenix CRetro CEO
The 2020 Foresight Podcast is designed exclusively for CEOs of small to global sized companies who wish sharing their insights. It is six questions in nine minutes because Top CEOs know how to listen and be concise.
Healthcare of Ontario Pension Plan (HOOPP) doubled ILS allocation in 2020
ARTEMIS: The Healthcare of Ontario Pension Plan (HOOPP), a large Canadian institutional retirement fund, has more than doubled its investments in the insurance-linked securities (ILS) asset class over the last year. Insurance-linked securities (ILS), so investments into insurance-linked funds as well as some other reinsurance related securities, began in earnest for the Healthcare of Ontario Pension Plan (HOOPP) in late 2019. Then in early 2020, HOOPP employed Bernard Van der Stichele, an experienced ILS and reinsurance
World Bank fully supportive of direct sovereign risk transfer: Bennett
ARTEMIS: The efforts of the World Bank around disaster risk financing for its members continues to be a real benefit, and while the organisation can and will do more, this isn’t about being the dominant force in the market, according to Michael Bennett, Head of Derivatives & Structured Finance, World Bank Treasury. During last month’s annual ILS conference in New York City, held virtually for the first time owing to restrictions, Artemis spoke with Bennett
Peak Re: Bridging the protection gap in emerging markets
Large and getting larger: Emerging Asia’s protection gaps The prevalence of under-insurance and non-insurance in emerging markets is well-documented.[1] The proverbial protection gap persists across different risks, from property to health and mortality, variously also extending to include longevity and liability. There are many reasons underpinning the large protection gap and low insurance penetration in emerging markets, which can be summarised as the “Triple-A Conundrum” – i.e. lack of Accessibility, Affordability and Awareness.[2] These are considered key
Hannover Re cedes up to 32% of cats, 24% of COVID losses to retro in 2020
ARTEMIS: German reinsurance giant Hannover Re benefited from its retrocessional protections throughout 2020, potentially ceding almost one-third of natural catastrophe losses and 24% of its losses from the COVID-19 pandemic. The reinsurer reported its full-year 2020 results this morning, revealing that large losses came in well above budget for its P&C reinsurance business due to the contribution of the pandemic. Hannover Re reported almost EUR 1.6 billion of net major losses in 2020, 950.1 million
Hong Kong’s ILS grant scheme to cover ~US $1.6m of issuance costs
FULL ORIGINAL PUBLICATION HERE Hong Kong’s Government has revealed some of the details of its proposed insurance-linked securities (ILS) grant scheme, through which it will pay a share of issuance costs for any ILS structures issued out of the Special Administrative Region. The Hong Kong Special Administrative Region (HK SAR) of the People’s Republic of China has been preparing to allow insurance-linked securities (ILS) issuance from its financial market for a number of years now,