Briefing: Guidance for valuation of ILS
By Lynn Strongin DoddsJune 2019 (Magazine)
Valuation has always been an important, albeit thorny, component in assessing insurance-linked securities (ILS) but the higher-than-expected losses in 2017 and 2018 made the number crunching even trickier. The recently published set of guidelines from the Standard Board of Alternative Investments (SBAI) is designed to improve the process but investors should always be aware of the risks attached to this asset class.