29 May 2014Alternative Risk Transfer

PERILS-based limits at risk reach $4.3 billion

The use of data in industry-loss-based risk transfer provided by PERILS has increased by seven percent, with 68 percent and 32 percent respectively relating to cat bonds and private transactions.

As of March 31, 2014 there were $4.3 billion of PERILS-based limits at risk, with $2.9 billion related to 144A ILS transactions and $ 1.4 billion to private transactions.

According to PERILS’ latest report, of the total capacity, 79 percent used PERILS data for structured industry loss triggers such as country or CRESTA-weighted, while 21 percent was unstructured. Some 72 percent was acquired for retrocessional purposes, while 28 percent was direct reinsurance.

It also stated that as of January 1, 2010, the cumulated total of limits issued was $9.2 billion.

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