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Ben Ammar, Semir
Braun, Alexander
Eling, Martin
Year of Publication: 
Series/Report no.: 
I.VW HSG Schriftenreihe No. 56
Due to their relatively high yields and low return correlations with traditional asset classes, insurance-linked securities (ILS) are often described as an attractive investment opportunity. Yet, the investor base for ILS is largely dominated by a few specialized investment managers. The aim of this study is to analyze advantages and disadvantages, the current market development and the decision-making processes that drive the demand for this aspiring asset class. To reach this aim, we first review the existing knowledge on ILS instruments and markets, then present results of a new international survey among ILS investors and finally, based on the results of the first and second step, derive implications for the future development of ILS.
Document Type: 
Research Report

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