ILW buyers hedge bets on global triggers after Jebi disputes
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ILW buyers hedge bets on global triggers after Jebi disputes

Liz Bury
25 April 2022
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The ILS industry appears to have hardened its view around using formal industry loss indices as a trigger in ILW contracts, after a second case came to court last month disputing the use of the Munich Re NatCat number for Typhoon Jebi in 2018.

The broad consensus is that this latest litigation will generally increase the industry’s reliance on PCS and Perils as index providers in the US and Europe, especially since they’re considered more transparent than alternatives Munich Re NatCat or Swiss...

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