ILS101 is an online education platform for insurance-linked securities, catastrophe bonds, reinsurance risk transfer, parametric insurance, cyber risk, and sovereign disaster risk management.

Who is the ILS101 course for?

The course is designed for reinsurance professionals, actuaries, brokers, underwriters, portfolio managers, fund managers, analysts, risk modellers, regulators, development banks, and students entering the ILS market.

Does the course cover catastrophe bonds?

Yes. The course covers catastrophe bond structures, term sheets, triggers, pricing, market data, case studies, and their role in risk transfer.

Yes. ILS101 is delivered online with video lectures, quizzes, market resources, and AI-powered study support.

Insurance-linked securities education

Insurance linked securities educational course

ILS101 is a structured online course for professionals who want to understand catastrophe bonds, ILS structures, triggers, pricing, risk transfer, parametric insurance, cyber catastrophe risk, and sovereign disaster risk management.

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CPD accredited Online and self-paced Built for ILS professionals

40CPD hours

12Lecture areas

100%Online access

AIStudy support

Course focus

A practical introduction to the ILS market

The course is designed to make the asset class understandable without flattening the technical detail. It covers the language, structures, incentives, and risks that sit behind the ILS and catastrophe bond market.

Catastrophe bonds

Understand cat bond structures, special purpose vehicles, collateral, term sheets, peril definitions, and trigger design.

ILS pricing and spreads

Learn the building blocks behind expected loss, risk premiums, market spreads, and secondary market valuation.

Risk transfer mechanics

See how insurers, reinsurers, governments, and investors use ILS alongside traditional reinsurance.

Triggers and payout logic

Compare indemnity, industry loss, modelled loss, and parametric triggers, including their trade-offs.

Specialist risk areas

Explore climate risk, cyber catastrophe risk, parametric insurance, and sovereign disaster risk management.

Professional learning tools

Use video lectures, quizzes, structured notes, market resources, and an AI study assistant to reinforce learning.

Curriculum

Built around the core questions people ask when entering ILS

ILS101 starts with why catastrophe risk transfer matters, then moves into market data, cat bond structures, other ILS instruments, pricing, triggers, reinsurance use cases, and public-sector applications.

01
Why risk transfer is so importantThe economic and social role of catastrophe risk transfer.
02
What are ILS?Market data, cat bond structures, term sheets, sidecars, CRe, ILWs, and weather derivatives.
03
ILS triggers and pricingTrigger types, expected loss, spread dynamics, pricing frameworks, and valuation.
04
How reinsurers use ILSCapital relief, retrocession, risk transfer strategy, and market capacity.
05
Sovereign and specialist riskDisaster risk finance, climate science, cyber catastrophe risk, and parametric insurance.

Audience

Who the ILS course is for

The course is aimed at people working in or around insurance, reinsurance, capital markets, catastrophe risk, public-sector risk finance, and professional education.

Actuaries Underwriters Reinsurance brokers Portfolio managers ILS analysts Fund managers Risk modellers Structurers Regulators Development banks Students Insurance professionals

FAQ

Common questions

Is this an insurance-linked securities course or a cat bond course?

Both. Catastrophe bonds are covered in depth, but the course also covers the wider ILS market, including collateralised reinsurance, sidecars, ILWs, triggers, pricing, and risk transfer.

Do I need prior ILS experience?

No. The course starts with fundamentals, then builds into market structure, pricing, and practical use cases. Prior insurance, reinsurance, finance, or actuarial knowledge is useful but not essential.

Is the course investment advice?

No. ILS101 is an educational platform. It explains structures, terminology, market mechanics, and risks. It does not recommend investments or provide regulated financial advice.

How is the course delivered?

ILS101 is delivered online through video lectures, quizzes, market resources, structured notes, and AI-powered study support.

ILS101 knowledge hub

Explore the core ILS topics

These public guides support the main course and help learners find the right entry point into insurance-linked securities.

ILS educationStructured learning pathway Cat bond courseCatastrophe bond education What are ILS?Market fundamentals What is a cat bond?Plain English guide Cat bond pricingExpected loss and spreads ILS certificationCredential pathway ILS for actuariesActuarial training route Parametric insuranceTriggers and basis risk

Start with the course outline

Review the lecture structure, topics, and learning pathway before entering the platform.

Open Course Outline