In this series of three articles Twelve Capital initiates readers to the different ways capital markets’ participants can invest in the (re)insurance sector – namely via equity, debt and Insurance-Linked Securities (ILS). The first one will delve into the distinctive features of each form of investment. The series will then focus on secular trends such as climate change and population dynamics, exploring their implication for the insurance sector and investors. Finally, the focus will be on the so-called insurance cycle, with an outlook for investors in insurance equity, debt and reinsurance in the form of ILS.