Catastrophe bond education

Cat bond course

A focused route into catastrophe bonds: how cat bonds are structured, priced, triggered, collateralised, and used by insurers, reinsurers, governments, and investors.

Start LearningView ILS Course
What you learn

From structure to pricing

Cat bonds sit at the meeting point of reinsurance and capital markets. ILS101 breaks the mechanics down without losing the commercial detail.

Cat bond structure

Understand SPVs, collateral accounts, sponsors, investors, risk transfer, coupon flows, and principal at risk.

Triggers

Compare indemnity, industry loss, modelled loss, and parametric triggers, including basis risk and payout mechanics.

Pricing

Learn expected loss, attachment, exhaustion, risk spread, market spread, and relative value across trigger types.

Audience

Who this cat bond course is for

Useful for people in reinsurance, actuarial, broking, ILS funds, portfolio management, risk modelling, regulation, and disaster risk finance.

ActuariesReinsurance brokersILS analystsPortfolio managersUnderwritersRisk modellers
Related ILS101 pages

Keep learning

What is a catastrophe bond?Plain English guideCat bond pricingExpected loss and spreadsILS educational courseMain course pageILS educationLearning pathway

Study cat bonds inside the full ILS course

Start with the main ILS101 course and build from catastrophe bond basics into pricing, triggers, market use cases, and specialist risk areas.

Start Learning