The AIR Insurance-Linked Securities (ILS) practice transforms risk into opportunity.

In the expanding and evolving ILS space, AIR maintains its dominant position by providing a complete solution—one that combines the highest quality information and analysis with the industry standard software for analyzing the widest range of financial instruments.

Supported first large-scale catastrophe bond in
1997

First European flood bond, first Latin America bond, first Singapore bond, first Philippines bond

Supported >80% of public 144A property catastrophe issuances

Issuance of >220 ILS transactions

Modeled
>USD 55B
cat bond issuances

Used by top 15 ILS Fund Managers by AUM

144A
Cat Bond
Transactions:
286

Number
of Transactions
with Parametric
Trigger:
15

Number
of Transactions
for Public Entities:
23

Our market presence

78% Percentage of Modeling Agent Distribution by Issuance (USD millions, 2018 YTD)
AIR Others
0 1 2 3 4 5 6 7 8 9 10 11 2011 2012 2013 2014 2015 2016 2017 2018 USD Billions Year Issuance Volume by Modeling Agent

Our comprehensive approach

At the core of AIR’s ILS services is our best-in-class modeling software. Our transparent modeling framework supports traditional risk transfer structures, alternative risk transfer structures, and payment mechanisms, and our experienced team will help you tailor your ILS program to better align with your business objectives.

Risk Transfer Consulting

  • Comprehensive consulting to understand client (re)insurance coverage needs
  • Assist with identifying appropriate instrument structure
  • Detailed risk analysis with necessary documentation of processes
  • Marketing and transaction documentation
  • Assistance with global instrument roadshow
  • Calculating resets and growth limitation factors (if needed)

Underwriting and Analyzing Your ILS Portfolio

  • Ability to provide CLFs for AIR modeled bonds with the use of our proprietary Catastrophe Bond Database
  • Deliver detailed modeled output and increased accuracy for bonds in your portfolio
  • Model complex bond/deal structures in Touchstone Re™ with visual and intuitive interface
  • Roll up portfolios across multiple positions
  • Leverage the Advanced Loss Modification module to modify AIR loss curves to fit your view of risk

Why do investors remodel CAT bonds?

icon globe chart
Obtain customized cuts of the risk
icon rising chart
Assess the impact of potential or actual catastrophic events on a portfolio of bonds
icon portfolio
Better understand risk correlations and diversification effects
icon gears
Understand the impact of changes in catastrophe models on their risk profile
icon perils chart
Better understand the uncertainty in the risk estimate of a particular bond

Remodeling helps investors gain additional insights into a bond, such as its impact on existing portfolios. To learn more about the remodeling process, check out this video.

ALERT™ (AIR Loss Estimates in Real Time) provides up-to-date information and loss estimates for catastrophes worldwide.

Obtaining reliable information quickly as a catastrophe unfolds has become increasingly important for insurers, reinsurers, and investors. Beginning with Hurricane Hugo in 1989, AIR’s ALERT service has expanded to include catastrophic events as they happen globally.

Visit the ALERT website

Awards:

awards

2019 Trading Risk Award
Reinsurance Facilitator of the Year

2018 Trading Risk Award
Young ILS Professional of the Year

2015 Trading Risk Award
Market Facilitator of the Year


Learn more:

awards

Historic Philippines Catastrophe Bond Helps Address the Protection Gap

Read blog

 

awards

How Catastrophe Models Can Help Close the Protection Gap

Read blog

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