Insurance Open Protocol Manual July 2025

In this episode, Brian Digney is joined by Ben Gedye and Josh Madeiros from K2 Credit to explore the rising role of portfolio credit insurance as a risk management tool in private credit and debt markets. As traditional banks scale back lending, private asset managers are stepping in — and with that shift comes the need for sophisticated ways to hedge credit risk.

The Standards Board for Alternative Investments (SBAI) and Albourne, co-chairs of the Open Protocol Working Group, have published updates to the Insurance Open Protocol (“IOP”).