ILS Related


Cherry picked selection of news on ILS, DRF, Reinsurance and other matters related to our activities. Updated on a weekly basis.

Cat bond to narrow Jamaica’s natural disaster financing gap: World Bank

Work continues on the first catastrophe bond for Jamaica and the World Bank has highlighted how the soon to be launched transaction will help to narrow the Caribbean nations natural disaster financing gap. As yet, the World Bank’s catastrophe bond for Jamaica has not come to market, but it is expected within the coming two months or so, in advance of the peak of the 2021 hurricane season. Jamaica’s catastrophe bond has been a work-in-progress

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Hong Kong reveals insurance-linked securities (ILS) grant details

Hong Kong’s Insurance Authority (IA), the independent insurance and reinsurance regulator for the Hong Kong Special Administrative Region (HK SAR) of the People’s Republic of China, has now published initial details of its insurance-linked securities (ILS) grant scheme. Back in February of this year, Financial Secretary of Hong Kong Paul Chan revealed plans for a Pilot Insurance‑linked Securities Grant Scheme that will pay as much as HK $12 million per issuance, which is close to

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Singapore to reduce investment reporting & disclosure rules for ILS issuers

ARTEMIS: In aiming to make its insurance-linked securities (ILS) regulatory environment as appealing as possible, the government of Singapore is listening to market participants and enhancing rules surrounding ILS and catastrophe bond issuance structures, to reduce friction for sponsors and other parties involved in transactions. Ever since the start of Singapore’s journey into insurance-linked securities (ILS), the country’s Monetary Authority has promised to listen to the industry and work to update its offering for ILS

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作者:托比·普格(Toby Pughe FCII)和基里尔·萨弗拉索夫 (Kirill K. Savrassov) 在“一带一路”倡议帮助下,新的基础设施已成功地建设了。但是自然灾害会威胁到大型基础设施项目,在新丝绸之路沿线的发展中国家造成金融动荡。保险连结证券可以减轻这种风险,但是当地机关需要更深刻地了解该工具。 保护缺口,即经济损失和保险损失之间的差额,对保险市场和风险管理负责人都是致命的反映。发达市场和新兴市场都存在着保护缺口,但在发达市场中,巨灾风险覆盖率约为35%,而在发展中国家仅为6%。根据AON的数据,去年自然灾害带来了2,680亿美元的经济损失,其中只有970亿美元得到了保险。发展中国家遭受的未保险损失所占比例过大,在与气候变化有关的自然灾害持续了数十年之久之后,企业和政府所遭受的损失却有增长。 Read more

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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

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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

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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

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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

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