Artemis ILS NYC 2019 – post-conference report

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Welcome to the Artemis ILS New York 2019 conference report, which provides insight into some of the debates that took place between speakers and attendees during Artemis’ third event in the city.

ILS NYC 2019 Conference Report imageThe conference was held in New York City, in midtown Manhattan with some 350 delegates attending the event,  while a waiting list for spaces exceeded 70 by the day itself.

Attendees were treated to insightful and thought-provoking discussions from industry professionals about the current state of ILS and what the future holds for the market.

Held in early February 2019, the event brought together experts from across the world to reflect on what has been a testing period for the ILS market, following two consecutive years of large loss experiences.

This year’s panels focused in particular on how ILS can be integrated further into the traditional re/insurance business model, the potential for technology to act as a driver of ILS market growth, the need for efficiency in the value chain and the importance of origination, as well as on future opportunities in the public risk transfer space.

Speakers also shared their experiences of how investors have responded to recent losses, and suggested some ways that the ILS market can learn from the past two years and improve its practices to be more resilient and better prepared for the future, ultimately encouraging more transfer of risk to the capital markets.

Artemis ILS NYC conference 2019

The first session of the day focused on the next phase of growth for the ILS market and the integration of third-party capital into the traditional reinsurance business model. It was led by Judith Klugman, Co-Head of ILS at Swiss Re Capital Markets, who began the discussion by questioning whether the role of traditional reinsurance was changing in response to the growth of ILS.

The day’s second panel explored the potential for technology to drive growth in the ILS market. Tom Johansmeyer, Co-Head of PCS Strategy and Development at Verisk Insurance Solutions, chaired the discussion and began by asking participants to identify the fundamental problems that technology needs to solve.

After a coffee and networking break, event attendees heard ILS experts engage in a debate about shortening the value chain and the importance of origination. The session was led by Cory Anger, Global Head of ILS Origination & Structuring at GC Securities, who kicked things off by asking the participants to define what the issue meant to them.

The audience returned to the conference room following lunch and networking to hear a new panel discuss public risk transfer opportunities and issues related to the global protection gap. Joanna Syroka, Director of New Markets at Fermat Capital Management, began the dialogue by focusing on sovereign risk transfer.

To finish the day, conference attendees heard the thoughts of a final panel consisting of session leaders Judith Klugman, Tom Johansmeyer, Cory Anger and Joanna Syroka. The experts used the time to wrap up some of the conversations of the day and to express their views on what to look out for next in the evolution of ILS.

For more on each of these panel sessions, including commentary and insights from ILS and reinsurance market leaders, please download a copy of the full ILS NYC 2019 post-conference report for free here.

Artemis ILS New York will be back in February 2020. We hope to see you there!

Our next conference will be held in Singapore on 11th July 2019, early bird tickets are available now at www.artemis.bm/ils-asia-2019.

For all enquiries regarding sponsorship opportunities for upcoming Artemis conferences please contact [email protected]

Thank you to all of our ILS NYC 2019 sponsors, detailed below:

Our Gold Sponsors:

 

Property Claim ServicesHSBC
RMS

Our Silver Sponsors:

 

Mt Logan Re

Our Bronze Sponsors:

 

Twelve Capital

Our Associate Sponsors:

 

Bermuda Business Development AgencyMayer Brown
Neuberger Bermanwilmington-trust

For all enquiries regarding sponsorship opportunities for upcoming Artemis conferences please contact [email protected]

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