Investors in ILS are seeking innovation—they may find it in Africa where a combination of transnational bodies, better data and a desire to structure improved disaster relief could combine with new ILS domiciles.
The Insurance-Linked Securities (ILS) market ended another year on a high note as the annual new issuance record was broken once again.
This milestone was achieved in spite of a challenging year of catastrophe losses and with most market participants working from home. The ILS market continues to demonstrate its resilience with bonds issued in every month of last year and almost USD 13 billion of total new issuance for the calendar year.
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