Let$$s establish some background information: In the early $2000$s Swiss Re entered into a few new risk financing transactions. Some of these transactions provided risk financing for their clients for more than $10$ years $($see Culp, $2002).$ Read $($Culp$,2002)$ about Swiss Re$$s Committed Long$-$Term Capital Solutions $($CLOCS$)$ and how they are related to risk financing and contingent capital $($see Culp, $2002).$ For additional background information, also read the Marsh $2019$ Excellence in Risk Management XVI report regarding the use of alternative risk financing and the Swiss Re Economic Insights from $2021$

Given the background information, here$$s the question: Do you think that alternative risk financing solutions have become more or less popular in the last $5$ to $10$ years? Have we seen more or less examples of their use? What is supporting or preventing their growth? Be sure your answer addresses whether these types of risk financing instruments are necessary $($and the market conditions that may make them more relevant in the future$).$ I$$m expecting a detailed, well$-$thought$-$out answer. Cite all your sources.