“In my opinion, the most significant impact that ILS is having is introducing modern practices to the industry, namely securitzation,” said Seo. “Today, securitzation is something every financial service in the world is heavily reliant on except the insurance industry, which is why ILS is bringing it to the industry.”
“ILS is able to bring forward the ways of measuring, describing and categorizing risks,” said
For full video coverage of the 2018 Bermuda ILS Convergence conference, including exclusive executive interviews, please visit http://www.ambest.tv/convergence18.
Other people that appear in this episode:
Stefan Shulz, senior underwriter, Hannover Re;
Brad Adderly, partner, Appleby;
John Huff, president and chief executive officer, Association of Bermuda Insurers and Reinsurers; and
- Anub Seth, senior management director, Aon.
Recent episodes of A.M.BestTV include:
Bermuda ILS Convergence Conference: As Convergence Capital Matures, It's Remaking the Risk Chain: Attendees said insurance-linked securities and other forms of non-traditional capital are expanding into new areas of coverage, evolving beyond risks of traditional property/catastrophe reinsurers and becoming useful to casualty reinsurers and insurers, as well as brokers and to distribution: http://www.ambest.com/v.asp?v=convergence11018.
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