The insurance-linked securities (ILS) market has never stood still during its relatively young, approximately 25 year history.But it’s clear that the ILS industry is acutely focused on delivering more evolutionary change and progress at this time, with the next-generation of ILS risk transfer and investment opportunities already in development.We’ve just held our fifth ILS NYC event virtually and while we’re disappointed that we couldn’t be in New York to meet with friends, contacts and readers in person, we hope the quality of discussions we produced goes some way to making up for this.The event has been a labour of love for us, given the significant time and effort put into ensuring the discussions are truly interesting and not just another reinsurance conference discussing renewals and rates.

Every one of the fourteen recordings we produced for the event brings something different, in terms of a view point, a forecast, or an insight into what the future may hold for the insurance-linked securities (ILS) market.I’d like to personally thank everyone who spoke with me, for sharing their time, expertise and deep insights into the ILS market.I’d also like to thank .

The discussions I had with industry leaders ranged from and future development of ILS business practices, on both the risk transfer and investment sides of the asset class.The industry seems primed for adding efficiency as well, with , as ILS managers remain focused on delivering better products, both in terms of risk transfer and investments.It’s clear , on both the risk transfer and investment side.

While it’s also clear that adoption of advanced technology is going to .Some of those risks aren’t even fully-insured yet, which means the ILS market is destined to become a capacity provider to entities and companies that to-date haven’t even tried to properly transfer their risks or hedge their exposure to and climate related risk classes.On the establishment side, we’re going to see a wave of increased adoption of ILS structures and mechanisms for bringing third-party capital into the traditional reinsurance business, it seems.

A number of our speakers discussed this, with and going to mean increasing engagement with capital market investors and use of ILS like structures for a wider range of risks.The catastrophe bond, which was really the first widely adopted ILS structure, was not left out, seemingly .Even the World Bank sees the potential for its member countries to .

While environmental, social and governance (ESG) has become a topic of great importance in the ILS and wider reinsurance marketplace, it’s clear from our discussions that, on the one side, , while on the other side the development of ESG friendly and impact positive risk transfer solutions is an equally large opportunity for the sector.We couldn’t forget for both ILS funds and all others underwriting reinsurance or retrocession.Our fifth ILS NYC event was brought to a close with .

All of these learnings come at a time when ILS market participants and in particular ILS fund managers have been working hard to enhance the terms of contracts entered into, improve performance of their portfolios and deliver on promises, both to the cedent and investor side.After the heavy years of catastrophe losses, the loss creep and trapped capital and now through the pandemic as well, the ILS market has responded to take learnings on-board and improve its offering to customers as a result.With the development of next-generation ILS business models, structures and investments now well underway, it’s likely we’ll see a shift towards a renewed focus on acquisition of customers, on both sides, as well as integration of technology to make this as efficient as possible.

In addition to a renewed focus on how capital markets capacity and securitization can be harnessed to enhance the efficiency of traditional insurance and reinsurance business models, by becoming deeply embedded, as well as the efficiency of direct risk transfer itself for corporate, sovereign or municipality, and other large asset owners and entities who are buyers.The future looks bright, but there’s a lot of work still to do.The next decade of ILS promises to be fascinating! Watch every session of ILS NYC 2021 at the session links below: – – Tom Johansmeyer, PCS.

– – Niklaus Hilti, Credit Suisse Insurance Linked Strategies.– – Judy Klugman and Ed Johnson, Swiss Re Capital Markets.– – Barney Schauble, Nephila Advisors.

– – Michael Stahel, LGT ILS Partners.– – Michael Millette, Hudson Structured Capital Management.– – Panel discussion.

– – Cory Anger and Liam Martens, GC Securities.– – Marcus Rivaldi, Twelve Capital.– – Michael Bennett, The World Bank Treasury.

– – Tom Johansmeyer, PCS.– – Rowan Douglas, Willis Towers Watson.– – Steve Rooney, Ricky Spitzer and Colin Scagell – Mayer Brown.

– – David Soloff and Chamath Palihapitiya, OTT Risk.and audio versions will also be shared via our podcast as well..

.———————————————————————.All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance can be accessed online.Our can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.