2009-04-29

By Editor, CIR

The reinsurance arm of Willis is launching a catastrophe price index in partnership with Thomson Reuters.

The broking group says the Willis Re Catastrophe Price Index measures pricing levels in the US property catastrophe reinsurance market and will provide insight for the reinsurance and Insurance Linked Securities (ILS) marketplaces.

The index, which is on the Thomson Reuters Insurance Linked Securities portal, will be able to track the underlying loss cost level, as measured by "loss on line". This analysis provides insurance companies, equity analysts and investors with critical information to evaluate changes in the property catastrophe reinsurance market.

"The Willis Re Catastrophe Price Index tracks the key metrics of reinsurance pricing using the latest in online catastrophe data dashboard technology," says Yves Provencher, executive vice president and managing director of Willis Re Analytics.

"This innovative approach gives additional insight into the convergence of insurance and capital markets. We believe this analytical tool will prove to be very useful to market observers and participants."

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