Philipp Kusche discusses the evolving landscape of insurance-linked securities at the 2024 Insurance Insider ILS Conference

At the 2024 ILS Conference in London, Philipp Kusche, Global Head of ILS Howden Capital Markets & Advisory, shared his insights into the evolving landscape of Insurance-Linked Securities (ILS) and the expected increase in transaction activity.

Previously viewed as an “alternative” form of capital, ILS has now established itself as a widely used financial instrument within (re)insurance, reflecting a broader understanding and acceptance of ILS among investors. The ILS market is demonstrating unprecedented momentum, with over $8 billion in issuances YTD in 2024. Additionally, new perils such as cyber and terrorism are expected to see continued growth.

As the ILS market continues to mature and expand into new forms of risk, ongoing education and the development of robust deal structures will be key to sustaining growth and investor confidence.