The increasing popularity of insurance-linked securitisation (ILS) could help bring down transaction costs.

That is the view of Keith Boyfield, a consultant and author of Global Insurance and the Capital Markets.

He expects insurers to look at new ways of packaging up risk and transferring it the capital markets.

"In future, we are likely to see insurers increasingly package a portfolio of risks, which can then be securitised and traded on the world’s capital markets," Mr Boyfield wrote in the British Insurance Brokers' Association (BIBA) publication, Broker.

"Rather than underwriting the risks themselves through the traditional insurance and reinsurance markets, capital will be provided through the securitisation market."

Mr Boyfield predicted that this trend would offer new opportunities for brokers.

His comments come as the financial markets continue to suffer from the effects of the credit crunch.

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