The Australian Prudential Regulation Authority is consulting with industry, as participants there want easier access to solutions such as catastrophe bonds.
Australian insurers want easier access to cat bonds & ILS | | | ILS NYC 2025 - Early Bird tickets selling fast! APRA looks to enhance Australian insurer access to ILS and cat bonds for reinsurance  Recognising that regulations hinder access to alternative reinsurance solutions including insurance-linked securities (ILS) in the country, the Australian Prudential Regulation Authority is consulting with industry, as participants there want easier access to solutions such as catastrophe bonds. With a key issue being the requirement for reinsurance covering up to the 1-in-200 year loss level to be all-perils in terms of its coverage and also to feature reinstatements, the APRA said it is aware these rules constrain access to catastrophe bonds and other types of ILS where these features are not as available. Any changes enacted have the potential to unlock demand for catastrophe bond coverage from the major Austalian insurers, which would be a positive market development. Read the full story. | | | | | | Please share this with colleagues and friends if you think they would like to receive it.
If you've been forwarded this but want to subscribe, visit Artemis.
| | | | | | You may be receiving this because you recently attended an industry event we partnered with, giving us permission to email you. If you don't want to receive our weekly ILS, catastrophe bond and reinsurance capital newsletter please Unsubscribe or Edit your subscription here .
© Steve Evans Ltd. - Artemis.bm
| | | |
No comments:
Post a Comment