Innovations including the introduction of 30-day rollover and
the introduction of the 'hybrid' – a combined
licensed insurance company and a regulated investment fund –
have kept Guernsey high profile in the insurance-linked securities
sector this year.
In 2018, ILS structures formed the majority of licence
applications in Guernsey's diverse insurance sector and
outstripped the previous year. The Guernsey Financial Services
Commission said that while some was repeat business, there were
good flows of new business into the sector.
The island's ILS rules proved their worth, as Guernsey
structures were tested by various weather events and were proven to
function well in paying claims to underlying policy holders.
