In this article in Intelligent Insurer, Guy Carpenter’s Justin Ward, Managing Director, Head of Capital Advisory, APAC, talks about the future of insurance-linked securities (ILS) as a risk-transfer mechanism in Asia Pacific.
Justin expressed optimism for that market going forward, citing both the appetite for it in the region and the innovative approaches being explored by insurers.
“To diversify catastrophe risks, insurers are seeking overseas reinsurance support and tapping into the ILS market and catastrophe bonds,” Justin explained. “Additionally, insurers are more open to exploring and adopting innovative solutions, such as parametric and multi-year structures.”