Empowering ILS with data-driven insights

The insurance-linked securities (ILS) market continues to evolve at pace, with catastrophe bonds setting new issuance records and innovative structures expanding into areas such as cyber risk. This momentum underscores the growing role of alternative capital in global risk transfer.

The ILS market is breaking new ground. 2024 saw record issuance of catastrophe bonds, with over 100 ceding entities using the product to complement their reinsurance programmes. Average transaction sizes rose significantly, reinforcing the sector’s maturity and investor confidence.

Cyber catastrophe bonds have emerged as a key area of growth. The first half of 2024 saw a marked increase in issuance, with multiple sponsors bringing cyber risks to the ILS market for the first time. This expansion highlights the adaptability of ILS to new perils and the sector’s increasing role in providing alternative risk capital.

Amid all these firsts and record-setting, AdvantageGo is ensuring that ILS market participants have access to the technology and data solutions they need to capitalise on growth opportunities, streamlining underwriting processes and enhancing decision-making.

MultiStrat launch

MultiStrat, a Bermuda-based specialist reinsurance group, has embraced AdvantageGo’s Underwriting Workbench to orchestrate workflows across its underwriting, actuarial, and capital management teams. This partnership is a key example of how AdvantageGo’s technology is driving efficiency in the ILS space.

Underwriting Workbench consolidates multiple data sources into a single platform, eliminating the inefficiencies of fragmented processes. For ILS transactions, where precision and speed are critical between investors, brokers and the underwriting team, this integration supports better risk selection, pricing accuracy, and overall operational agility.

Insurants partnership

The AdvantageGo Ecosystem extends these benefits by incorporating best-in-class solutions, such as AI-driven data transformation. By partnering with Insurants, AdvantageGo has integrated an AI engine capable of extracting and processing complex ILS datasets, removing the need for manual data entry. This is particularly valuable to ILS, where non-standard sliding scale contracts with bespoke terms and conditions don’t align to a typical market standard.

AdvantageGo is committed to empowering the ILS sector by delivering technology that enhances underwriting intelligence. As new risks emerge and investor demand continues to rise, our solutions will remain at the forefront, providing the digital infrastructure required to facilitate sustainable market growth.