ILS market insights: March 2021

In our 34th edition of the Swiss Re Insurance-Linked Securities (ILS) Market Insights report, previously known as the Insurance-Linked Securities Market Update, we offer a comprehensive review and analysis of the ILS market during the 2020 calendar year.

2020 was another defining year for the ILS market and the lack of correlation to broader financial markets was once again highlighted. The global market volatility seen at the outset of the COVID-19 pandemic created a liquidity event that was rather short-lived. The ILS market was largely unscathed and by mid-year, the market witnessed a rebalancing of spreads and new issuance hit record highs to close out the year.

During this time, new and existing ILS sponsors, as well as investors, continued to show confidence in ILS as a dependable capacity source that provides attractive investment returns.

ILS market insights: March 2021