Senior China official calls for insurers to issue ILS in HK: reportMarch 15 2022 by Karen Lai
- July 4
The floods in NSW and Queensland contributed to price increases of up to 25%.
- June 8
Peak Re's US$150m ILS bond is the first to use the incentive structure.
- June 3
The bond is linked to typhoon risk in Japan and will help further develop Hong Kong's ILS market.
- April 19
After a record 2021, issuance of insurance-linked securities totalled just US$262m in Q1.
A longer claims process and increased cost were some of the challenges faced by insurers.
Tropical cyclones have always been a significant peril in Asia and a major focus for risk assessment in the region.