The results, which have been published ahead of Guernsey’s fourth annual ILS masterclass in Zurich on 6 July, found that the outstanding market size of $27.19 billion is almost $377 million higher than at year-end last year.
According to Guernsey Finance, the island is now the leading domicile for ILS, with insurance entities growing from 804 to 835 throughout 2016, a year-on-year increase it attributed to growth in the ILS market.
Commenting on Guernsey’s ILS growth, Dominic Wheatley, chief executive of Guernsey Finance, said: “As international fragility and uncertainty increases, the ILS market blossoms and Guernsey, with its 50 years of international insurance experience, has always taken an industry thought leadership role in this asset class. At this year’s ILS Insight event, we will again be challenging conventional ideas.”
The event will feature two panel sessions, as well as a speech from the keynote speaker Christoph Buerer, managing partner of Twelve capital.
The two panel sessions will cover topics including, how ILS managers and investors can participate in emerging risks and can London compete with ILS-ready domiciles.