ILS= Insurance Linked Securities, which are financial instruments supporting retrocession, or reinsurance for reinsurers.
Verisk surveyed ILS funds on their appetite for cyber insurance. “Thirteen ILS funds, representing nearly $60 billion in AuM, reported they are interested in providing cyber reinsurance protection. Most of them have never done so before. Eight of those funds — $41 billion in AuM — would like to provide cyber reinsurance this year.”
Source: The Cyber Insurance Market Needs More Money