Best’s Market Segment Report: Disciplined Deployment of Capital Pays Off in Record-Breaking Year for Insurance-Linked Securities Market
Rate increases during the Jan. 1, 2024, renewal season were more muted than last year, and risk-adjusted spreads have started to narrow, amid the disciplined deployment of capital by providers.
- Rate increases during the Jan. 1, 2024, renewal season were more muted than last year, and risk-adjusted spreads have started to narrow, amid the disciplined deployment of capital by providers.
- “Capital inflows have mostly matched the growth in reinsurance demand rather than exceeded it,” said Emmanuel Modu, managing director, insurance-linked securities, AM Best.
- Guy Carpenter and AM Best estimate total ILS market capacity at about USD 100 billion at year-end 2023, which is up about USD 4 billion from a year earlier.
- AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.