As catastrophe bonds continue to creep into reinsurance programmes, and interest from governments in the ILS market grows, Dr Ben Fox, financial sector specialist at the World Bank, talks to Intelligent Insurer about the bank’s work in the sector and how it is helping the Philippines to become the next sovereign to enter the market.
As catastrophe bonds continue to creep into reinsurance programmes, and interest from governments in the ILS market grows, Dr Ben Fox, financial sector specialist at the World Bank, talks to Intelligent Insurer about the bank’s work in the sector and how it is helping the Philippines to become the next sovereign to enter the market.
The exponential growth of the insurance-linked securities (ILS) sector has seen many sponsors use this form of risk transfer for the first time and their deals have, for the most part, been eagerly snapped up by the growing number of investors which are comfortable participating in this sector.
But while the majority of the new sponsors have been private sector insurers or corporates, there has also been a growing level of interest from governments and state-run catastrophe schemes also wishing to explore the advantages of this form of risk transfer.
the World Bank, Ben Fox, DRFI Program, cat bonds, reinsurance, ILS
