Tag Archives: ILS

Surveying the damage: The impact of Harvey, Irma, and Maria on the alternative capital market

In the wake of Hurricanes Harvey, Irma, and Maria, the property and casualty insurance and reinsurance markets are positioned to step in and provide perhaps the largest series of storm-related payouts in history. And for the first time, certain financial investors will contribute to insurance payouts as well, as providers of alternative capital to the reinsurance markets. For many participants in the alternative capital market—or equivalently, the insurance-linked securities market—2017 will represent the first major test of their risk selections and operational capabilities. Milliman consultant Aaron Koch offers perspective in this article.

ILS considerations for the life insurance industry

In this paper, Milliman’s Kevin Manning and Eamonn Phelan and Secquaero’s Scott Mitchell explore the reemergence of insurance-linked securities (ILS) in the life industry. They also discuss how ILS can benefit life insurers and reinsurers in the context of the evolving regulatory and accounting environment as well as the increasing focus on proactive management of risks, capital, and liquidity.