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Plain-English guides to ILS, reinsurance, and onchain risk transfer. Written for professionals who want clarity, not padding.
How Catastrophe Bonds Work
Catastrophe bonds (cat bonds) transfer extreme insurance risk from insurers to capital markets. Learn how they're structured, priced, and triggered — and why institutional investors use them.
What Are Insurance-Linked Securities (ILS)?
Insurance-linked securities (ILS) are financial instruments whose value depends on insurance events rather than financial markets. This guide explains the full asset class — cat bonds, sidecars, ILWs, and more.
How Parametric Insurance Works
Parametric insurance pays out based on a measurable trigger — wind speed, rainfall, earthquake magnitude — rather than assessed losses. Understand how it works, where it's used, and its role in modern risk transfer.
What Is a Reinsurance Sidecar?
A reinsurance sidecar is a short-term special purpose vehicle that provides capacity to a reinsurer after a major event or during a hard market. Understand how sidecars work and why they're a critical ILS structure.
ILS vs Traditional Reinsurance: Key Differences
How does insurance-linked securities (ILS) capacity differ from traditional reinsurance? Compare how each market works, who provides capital, how risk is priced, and when each is preferred by cedants.
What Is Onchain Reinsurance?
Onchain reinsurance uses blockchain infrastructure and smart contracts to automate risk transfer, parametric payouts, and capital pooling — without traditional intermediaries. A guide to the emerging space.
The BMA Innovative Insurer Framework: Bermuda's Regulatory Path for New Insurance Models
Bermuda's Innovative Insurer framework gives novel insurance and reinsurance business models a supervised pathway to market. Learn what it covers, who qualifies, and why it matters for tokenised ILS and onchain reinsurance.
Bermuda's DABA License: What It Means for Tokenised Reinsurance and ILS
Bermuda's Digital Asset Business Act (DABA) created the world's first dedicated regulatory framework for digital asset businesses. For tokenised ILS and onchain reinsurance, understanding DABA is essential — it determines what's legal, what's required, and what Bermuda's competitive advantage really is.
DeFi Strategies in Onchain Reinsurance: Composability, Looping and Yield
Onchain reinsurance protocols like Ensuro and onRe unlock DeFi-native capital strategies. Learn how composability, looping, and smart contract architecture create new yield opportunities — and the risks that come with them.
USDC, BNY Mellon, and the Custody Stack for Onchain Reinsurance
Institutional adoption of onchain reinsurance depends on the infrastructure behind it — not just the smart contracts. Circle's USDC and BNY Mellon's digital custody are the pieces that make tokenised collateral credible to TradFi counterparties.