PCS Terror Index: What You Need to Know

Unfortunately, 2016 has been an active year for terror. Year to date, two incidents in the United States have led to 49 fatalities. Turkey has suffered more than the recent attempted coup d’etat and Ataturk airport bombing. According to Verisk Maplecroft, 154 terror events have occurred in Turkey this year, with 346 fatalities and 1,140 […]

Top ILS Market Trends: Q1 2016

We’ve put another record-setting quarter for catastrophe bond issuance behind us, with $2 billion in fresh capital coming to market. In some ways, the first quarter of 2016 offered more of the same, with no first-time sponsors involved in catastrophe bond issuance activity. However, the sheer volume of transactions shows that insurance-linked securities (ILS) have become […]

ILS Trend Tracking: FY 2015

FY 2015 Catastrophe Bond Lite Issuance by Trigger Type After a grueling four-month-long march that began in Monte Carlo, the January 1, 2016, reinsurance renewal is pretty much behind us. With fresh perspective, now is the time to truly appreciate how the ILS market evolved in 2015 and what could be in store for the […]

The view from Q4-cat frequency over severity, data housing, and more

In an interview with WRIN TV, Joe Louwagie, assistant vice president, Property Claim Services (PCS) discusses the importance of accessing and accurately using data to make the best underwriting and rate-making decisions. He deems this critical in an environment where lack of data is increasingly a challenge as more data is housed by third-party vendors […]

ILS Trend Tracking: Q3 2015

With the Rendez-Vous de Septembre behind us, the January 1, 2016, reinsurance renewal season has begun. The topics covered at the countless 30-minute meetings last month varied greatly, reflecting both industry trends and the specific objectives of cedents, reinsurers, and third-party capital providers. From our experiences in the annual ritual, we’ve identified five key themes […]

Cat Bond Lite: What’s Next?

In an interview with A.M. Best TV, Tom Johansmeyer, assistant vice president of Reinsurance Services, ISO, spoke about next steps in the insurance-linked securities (ILS) market. With regard to where the market is headed, Tom remarked: “There’s a spectrum of innovation we’re looking at right now.” He noted that, on one end, innovation is increasing […]