As the insurance-linked securities (ILS) asset class moves forwards from a few challenging years, it’s key to deliver more predictable outcomes for the ILS investor base and to continue expanding the range of options available to them, Stephan Ruoff and Mark Gibson of Schroders Capital discussed in a recent video interview.
In the next in our series of sponsor showcase video interviews for the upcoming Artemis ILS NYC 2022 conference (held April 22nd in New York City), we welcomed Stephan Ruoff, Global Head of Insurance-Linked Securities (ILS) and Mark Gibson, Head of Products and Solutions ILS, both from specialist investment manager Schroders Capital, one of our Gold sponsors for the conference.
Speaking to one of the key themes of our upcoming conference, Stephan Ruoff explained the need for the ILS industry to work towards providing more predictable outcomes to its investors.
“As an industry we’ve not done too well over the last five years at creating predictable outcomes, so we need to change that and come back to things like underwriting, structuring, analytics and have these properly set, so that our investors can rely on these predictable outcomes,” Ruoff said.
Ruoff pointed out that delivering on investor expectations is more important than growth for ILS managers.
He also highlighted another of our conference themes, that the ILS asset class needs to be made increasingly accessible, in terms of access points and products or strategies.
“We’ve seen this in recent times with almost democratisation of the asset class through intermediated products such as UCITS funds and we’ve seen strong growth there, which shows there’s interest in the asset class and the strength of the asset class.
“But this can also go in the other direction, in creating investable products that offer access to risk which today is probably not offered. That can be closed-end structures, that can range to life ILS and other risks that are transferred into the market, however it’s always on the basis of predictable outcomes,” Ruoff explained.
Mark Gibson further commented on the need for the ILS asset class to be increasingly accessible.
“We’re determined to be a leading manager of ILS capital and we intend to grow our share of the market, as it grows. We feel we’re going to do that by broadening the activities in which we’re engaged.
“That means providing diverse investment products or strategies for investors to tap into. We have a range of funds already, but we intend to keep broadening that range of funds, so that there’s choice.
“It’s making a net that’s nice and wide to capture the interest of investors in insurance-linked securities (ILS),” Gibson said.
Hear more from Stephan Ruoff of Schroders Capital during a panel discussion he will moderate at the upcoming Artemis ILS NYC 2022 conference in New York on April 22nd (get your ticket today).
For details and to register for the conference, visit the event website: www.artemis.bm/ils-nyc-2022/.
The full video interview is embedded below and can also be viewed in full, along with previous Artemis Live video interviews here.
You can also listen in audio to our interviews by subscribing to the Artemis Live podcast here.
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