Industry loss warranty (ILW) price trends
ILW pricing data information
We’ve collected this ILW pricing data from a range of sources, including Artemis’ own data tracked over numerous years, as well as data kindly shared with us by market sources.
Each data point reflects the average ILW pricing seen, across sources gathered, around the beginning of each quarter.
We’ve asked a number of market sources to validate our data and believe it to be a reasonable reflection of average rate-on-line or pricing that these property catastrophe ILW’s could actually have been traded at throughout the period.
What is an industry loss warranty (ILW)?
An industry loss warranty, known as industry loss warranties or ILW’s, is a form of reinsurance or derivative contract through which a company or organisation (often an insurer) can gain coverage based on the total insured loss experienced by the industry rather than their own losses from a specified event. The contracts have a specified limit which denotes the amount of compensation the buyer receives if the industry loss warranty is triggered. Read more.