To develop, regulate and promote an internationally recognized accountancy profession that upholds public interest through capacity building, advocacy, innovation and sustainable practices.
Member Of
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
ICPAK Americas Chapter
Topic: Insurance Linked Securities Webinar
Date: 17th September 2026
Time: 6pm to 8pm EAT
Charges: Kes. 3,500
Delivery Mode: Virtual
Overview
Insurance-Linked Securities (ILS) have emerged as an innovative mechanism for transferring insurance and catastrophe risks from insurers, reinsurers, corporations and governments to capital market investors. Unlike traditional financial assets whose performance is largely influenced by economic and market conditions, ILS are linked to the occurrence of specific insurance-related events, particularly natural catastrophes and other specialty risks. They therefore provide an alternative source of risk-bearing capacity while enabling investors to access an asset class whose returns can have limited correlation with traditional debt and equity markets. Catastrophe bonds, or “cat bonds,” are among the most recognised ILS instruments, providing protection against events such as hurricanes, earthquakes and floods.
The ILS market, however, extends beyond catastrophe bonds and incorporates a range of structures designed to meet different risk-transfer needs. These include sidecars, collateralised reinsurance, Industry Loss Warranties (ILWs) and weather derivatives, each offering different approaches to transferring and financing risk. Understanding how these instruments are structured is essential, particularly the role of special purpose vehicles (SPVs), collateral arrangements, trigger mechanisms and term sheets. Equally important is understanding how catastrophe risk is modelled and priced through measures such as expected loss, attachment probability and exhaustion probability, which help investors assess the potential risk and return associated with an ILS transaction.
The growing relevance of ILS is also closely connected to the changing global risk landscape. Increasing exposure to natural catastrophes, climate-related risks, cyber threats and other systemic risks continue to create demand for innovative forms of insurance and reinsurance capacity. This makes areas such as climate fundamentals, cyber-ILS and parametric insurance increasingly important to professionals working in the insurance and financial sectors. Parametric solutions, for example, use predefined indices or measurable events to determine payouts and can play an important role in emerging markets and sovereign disaster risk management. At the same time, the legal and regulatory environment surrounding ILS including transaction documentation, regulatory capital considerations and SPV structures is critical to ensuring that these instruments are properly designed and implemented.
The webinar will provide participants with an understanding of how Insurance-Linked Securities are structured and used, while examining the accounting, valuation, risk management and regulatory considerations associated with these instruments.
Foundations of ILS & Reinsurance Risk Transfer
ILS Types, Structures & Trigger Mechanisms
ILS Pricing, Risk Modelling & Valuation
Applications of ILS in Climate, Cyber and Public Risk
Risk Management, Regulation, Accounting and Governance of ILS
Target Audience:
This webinar will be useful to all professionals, including accountants, auditors, insurance professionals, investment and capital markets professionals, risk
CPD Units:
Members who attend the webinar in full will earn 2 Structured CPD Units.
Financial Commitment:
The Webinar charges are Kes. 3,500
Online Booking:
We call on Seminar participants to note that booking for is available only online at www.icpak.com/events and will close two hours before the training session. Delegates are reminded to note that online booking for training sessions is mandatory. This is available either online at www.icpak.com/events or on the ICPAK Live – A smart phone-based application that is available from google store.
For more information or enquiries email to diaspora@icpak.com
To develop, regulate and promote an internationally recognized accountancy profession that upholds public interest through capacity building, advocacy, innovation and sustainable practices.