John Dykstra, of Maples Group, assesses the resilience and
growth of the ILS market.
Over the past two decades, the ILS market has proven to be very
resilient. During the financial crisis, new ILS transactions
continued while most other capital markets products stagnated and,
despite the headwinds of record insurance claims over the past
couple of years, the ILS market is nevertheless forecast to
continue growing over 2019. This market has convincingly
demonstrated its staying power. Investor demand for ILS products
continues to outstrip what the market is able to supply. This has
not gone unnoticed by the world's financial centres, which are
actively competing with each other to win over a share of this
market.
