Swiss Re Insurance-Linked Fund Management

Original Risk: A Society for Change Agents

ISO launching PCS Canada to provide improved catastrophe loss information

Share

The Insurance Services Office (ISO) has announced that it is to bring Property Claims Services PCS to Canada. The new service named PCS Canada aims to provide insurers, reinsurers, brokers and other stakeholders with Canadian catastrophe information to enable them to better manage their natural and man-made catastrophe risks.

The new service could lead to the use of catastrophe bonds and insurance-linked securities in Canada as the improved access to data and potential for modelling losses will make structuring deals easier.

Good access to quality data is vital to this market and PCS has been key in the development of the catastrophe bond market in the U.S. We hope this new service enables Canadian risks to be transferred to the capital markets more efficiently.

Full press release from the ISO is available here.

Register today for ILS NYC 2023, our next insurance-linked securities (ILS) market conference. Held in New York City, February 10th, 2023.

Artemis ILS NYC 2023 - Insurance-linked securities conference in New York City

Get a ticket soon to ensure you can attend. Secure your place at the event here!

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.