Proof of the ILS pudding

In 1992, Hurricane Andrew was the catalyst behind the development of insurance-linked securities (ILS). In 2005, hurricanes Katrina, Rita and Wilma led to the growth and use of ILS solutions. Now, in 2017, hurricanes Harvey and Irma could drive the development of ILS beyond the Gulf of Mexico and US Atlantic coast, and possibly beyond the realm of natural catastrophe.