A Critical Look at 2018 ILW Trigger Failures
What happens when an ILW trigger fails?
We’re seeing the consequences now as a result of a wave of 2018 catastrophes in Japan. Collateral is trapped. There’s uncertainty whether previously used reporting agents will provide updated numbers.
And there isn’t even agreement on whether there’s historical precedent for further updates from those folks. Meanwhile, development continues on events with an estimated industry loss impact of around US$20 billion.
Fill out the form on your right to download A Critical Look at 2018: What Happens When an ILW Trigger Underdelivers? You’ll get a close look at what happened with Jebi and Trami and learn how PCS APAC can help provide consistency, certainty, and reliability in the ILW market.