Trading Risk

What Trading Risk does

Trading Risk, operating commercially as Insurance Insider ILS, is a London-based B2B publishing and intelligence business founded in 1996 that covers the insurance-linked securities (ILS) market. The company produces news, analysis, deal flow tracking, and regulatory intelligence targeted at a narrow institutional audience of ILS market participants, including carriers, reinsurers and InsurTechs, brokers, distributors and MGAs, finance and institutional investors, and service providers. Content is delivered through a paid subscription portal with single sign-on and email-link authentication, supported by multimedia extensions under the Insider on Air brand (podcasts including Behind the Headlines and CEO Perspectives, video interviews, 5-minute takes, on-location videos, and webinars) and an annual industry event called Insider Progress.

The company is operated by Insider International Limited, a privately held entity registered in England and Wales (company number 15236286) at 16-18 Middlesex Street, London, E1 7EX. Within that corporate parent, Insurance Insider ILS sits alongside sister products Insurance Insider and Insurance Insider US, giving the franchise cross-vertical reach across the broader insurance and reinsurance intelligence market. Revenue is generated through recurring annual subscriptions with quote-based enterprise pricing, supplemented by event sponsorships, marketing services, and add-on content modules (supplements and archives). Distribution is direct-to-customer via the website, with marketing support through Twitter/X, LinkedIn, and Slipcase, and a free-trial funnel designed to convert prospects into paying subscribers.

Name

Trading Risk

Legal name

Insider International Limited

Website

https://trading-risk.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

Trading Risk (Insurance Insider ILS) is a London-based subscription intelligence publisher founded in 1996 that delivers news, analysis, and deal-flow coverage of the insurance-linked securities market to carriers, reinsurers, brokers, investors, and service providers.

Ownership category

akta.pro rank

Product category

Insurance Market Intelligence

NAICS

Other Insurance Related Activities (52429)

SIC

Investment Advice (6282)

akta.pro primary industry

Catastrophe Bonds & Insurance-Linked Notes (ILS) (FSACABAO)

akta.pro secondary industries

Catastrophe & ILS Placement (Reinsurance) (FSAOAHAD), Insurance-Dedicated Multi-Manager Platforms (e.g., ILS / Cat Bond FoF) (FSAHAKAK)

Keywords

• Insurance-linked securities
• Market intelligence services
• Industry news publishing
• ILS market analysis
• Insurance sector insights

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Subscription Service: Insurance Insider ILS operates as a premium subscription-based intelligence solution for the ILS (Insurance-Linked Securities) market. The platform provides news, analysis, and market intelligence to subscribers through recurring subscription fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels8 records

Core offering

Trading Risk operates Insurance Insider ILS, a subscription-based intelligence and publishing service for the Insurance-Linked Securities (ILS) insurance market. The offering delivers market news, deal flow tracking, regulatory updates, strategic analysis, and multimedia content (podcasts, webinars, video interviews) to insurance carriers, reinsurers, InsurTechs, brokers, distributors, MGAs, finance investors, and service providers. Distribution is primarily through a digital subscription portal, supplemented by annual industry events and marketing services.

Product overview

Insurance Insider ILS operates as a unified intelligence platform for the Insurance-Linked Securities market. The core offering is the subscription service providing market intelligence, supplemented by multimedia content (Insider on Air including videos, webinars, and podcasts), industry events (such as Insider Progress), and additional resources including supplements and archives. The platform is produced by Insider International Limited.

Differentiator

Problem solved

Functional benefit

Products and services

• Insurance Insider ILS Subscription Service Premier intelligence solution and subscription-based access to market news, analysis, deal flow tracking, regulatory updates, and strategic insights for the Insurance-Linked Securities (ILS) insurance market. Targeted at carriers, reinsurers, InsurTechs, brokers, distributors, MGAs, finance investors, and service providers.
• Insider on Air Multimedia content platform featuring video interviews, 5-minute takes, on-location videos, webinars (upcoming and on-demand), and podcasts including Behind the Headlines and CEO Perspectives for ILS and broader insurance market audiences.
• Insider Progress Annual industry event focused on insurance market progress and trends, including the ILS segment, bringing together carriers, reinsurers, brokers, investors, and service providers.
• Supplements Supplementary content and special publications for the ILS market, providing deeper dives on specific topics, deals, and trends beyond the core subscription offering.
• Archives Historical archive of ILS market content and past publications, enabling subscribers to access prior analysis, deal coverage, and regulatory reporting.
• Events and Marketing Services Industry events and marketing services offered to the insurance and ILS market, supporting promotional, content marketing, and event-related engagements for clients in the sector.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Direct peers

• Reinsurance News: Reinsurance News provides daily news and analysis on the global reinsurance industry, with significant dedicated ILS coverage. It targets a similar audience of carriers, brokers and investors and competes for the same subscription and event spend as Trading Risk.
• Artemis: Artemis is the longest-running dedicated news, data and deal directory service for the catastrophe bond and ILS market, covering issuance, sponsors and investors. It is the most directly comparable publication to Trading Risk in terms of audience, content scope and subscription business model.
• Trading Risk (historical/legacy): The Trading Risk brand historically served as a publication dedicated to the ILS market before integration into the Insurance Insider group. The legacy trading-risk.com URL remains active and represents the same niche audience that the Insurance Insider ILS product continues to address.

Broad incumbents

• Insurance Business UK: Insurance Business UK is a London-based B2B insurance trade title serving brokers, carriers and MGAs. It overlaps on audience (London insurance market professionals) but does not focus on ILS specifically.
• The Insurer: The Insurer is a broad-based insurance and reinsurance news and analysis platform serving senior executives across underwriting, capital and advisory functions. It overlaps with Trading Risk on reinsurance and ILS coverage while addressing a wider industry audience.
• Reactions Magazine: Reactions is an established global insurance and reinsurance magazine covering market trends, capital and ILS activity. It competes in the same professional readership as Trading Risk but with a wider editorial scope beyond ILS specifically.
• Carrier Management: Carrier Management serves insurance carrier executives with news, analysis and research, including capital markets and reinsurance content. It is comparable as a subscription-driven B2B insurance media outlet, though broader in scope than ILS-only coverage.
• Insurance Journal: Insurance Journal is one of the largest U.S.-focused insurance trade publications serving agents, brokers and carriers. It overlaps with Trading Risk's audience of insurance professionals but lacks ILS-specific depth and is broader in coverage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key highlights5 records

Customer concentration

• Xx.com/IPTradingRisk
• LinkedInlinkedin.com/company/tradingrisk

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Trading Risk