Resilience and sustainability goals drive interest in ILS

Hurricane Dorian was an unprecedented storm that decimated parts of The Bahamas. Wildfires ravaged California and Australia, already reeling from several years of drought. Typhoons Faxai and Hagibis made landfall in Japan, causing some of the worst flooding in living memory. The year 2019 will be remembered as a year of climate turbulence.

During the last few years the market for pandemic insurance products has been a topic of discussion but participation has been limited—something that may well change in 2020.