Average catastrophe bond & ILS issuance expected loss 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 spread seen in each year of catastrophe bond issuance. We also display the excess spread, so the risk premium or spread above expected loss. With this chart you can see what the average expected loss and spread 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, spreads and the delta between them, by quarter, which better shows recent pricing trends in the market.

View our full range of catastrophe bond market charts here.