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Artemis Live interview: Why isn’t the ILS market writing more cyber risk?


For our latest Artemis Live video interview, we were joined by Tom Johansmeyer, Head of PCS to discuss the subject of cyber risk and ask the question, why isn’t it a bigger exposure in the insurance-linked securities (ILS) market?

Why isn't the ILS market writing more cyber risk? Tom Johansmeyer interviewFor almost a decade, the subject of cyber insurance-linked securities (ILS), cyber catastrophe bonds and the ILS fund market as provider of cyber reinsurance, has been a topic of conversation at industry events around the world, our own included.

But years later, the ILS market’s ventures in cyber risk remain relatively limited, to some bespoke transactions and exposure picked up silently from other lines of business.

Why is that?

Tom Johansmeyer and I explored some of the reasons behind this, including:

  • Does the ILS market really want cyber risk?
  • Is the lack of data, risk models and industry loss events still a limiting factor?
  • How big an issue are ransomware losses for the cyber market?
  • What could catalyse the need for more cyber risk capital?
  • What is the outlook for cyber reinsurance renewals at January 1st?
  • And, why is cyber reinsurance and retro so dysfunctional right now?

The full video interview is embedded below and can also be viewed in full, along with previous Artemis Live video interviews, over on our YouTube channel.

You can also listen in audio to our interviews by subscribing to the Artemis Live podcast here.

All of our Artemis Live video interviews have a focus on reinsurance, ILS and the efficiency of risk transfer and can be accessed directly from our YouTube Channel.

You can also listen in audio to these interviews by subscribing to the Artemis Live podcast here.

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Artemis Live - ILS and reinsurance video interviews and podcastView all of our Artemis Live video interviews and subscribe to our podcast.

All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.

Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.

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