The market for synthetic risk transfers has experienced significant growth in recent years, with insurers now providing banks with unfunded structures. These arrangements allow banks to offload default risks to insurers. This development is part of a broader trend of increased insurer involvement in such financial transactions.
Original Source: https://www.ft.com/content/04bad7f3-1b5d-4982-9967-229886be0beb?syn-25a6b1a6=1