Average catastrophe bond & ILS issuance expected loss, coupon and spread by year

This chart shows catastrophe bond and insurance-linked securities (ILS) issuance from The Artemis Catastrophe Bond & Insurance-Linked Securities Deal Directory broken down by the average expected loss and coupon seen in each year of catastrophe bond issuance. We also display the excess spread, so the gap between expected loss and coupon. With this chart you can see what the average expected loss and coupon pricing were for each year of issuance, including the current year-to-date, as well as the spread between the two and how that changes over time.

Further down this page we also include a chart showing the same metrics, of catastrophe bond expected losses, coupons and the spread between them, by quarter, which better shows recent pricing trends in the market.

View our full range of catastrophe bond market charts here.