Wearables are eliminating injuries in a multitude of industries. Could they lead to premium reductions for policyholders as well?

The E&S market’s overall growth continues unabated despite inflation-driven challenges and shrinking capacity.

As the market continues to grow, E&S carriers that once wrote general liability policies for complex manufacturing risks are entering the admitted space.

When third parties invest large sums in a lawsuit in exchange for a portion of the eventual settlement, it can affect the legal process — and the E&S market — in more ways than one.

Here are the key ongoing legislation trends likely to impact the functionality of the E&S market, from AmTrust’s Erich Bublitz. 

Although inflation is hovering near 40-year highs, the E&S market continues to provide opportunities for viable long-term stability.

What does the future hold for E&S? A sharper focus on flexibility, hiring and more is a must for 2023.

Data can streamline many parts of the underwriting process, but there’s no substitute for the human touch.

Some insurers have stopped covering climate change-related risks, opening opportunities to the excess and surplus market. E&S and specialty lines are well-suited to it, with dedicated claims and underwriting teams to take on severe weather-related exposures.

Despite having an exceptional year, the excess and surplus market has had its fair share of hurdles to overcome.

Ahead of this year’s WSIA conference in San Diego, here are some key trends affecting specialty lines. 

The high inflation in the 1970s and early 1980s led to a rough time for the insurance industry. Today’s higher numbers could lead traditional carriers to become more cautious.

Big growth areas include construction, energy, health care, environmental and professional liability. These might seem to focus on larger businesses. But main street small businesses are candidates for E&S covers as  well.

The looming talent gap of pre-pandemic lore, coupled with the Great Resignation as of late only makes recruitment and retainment of employees that much more difficult.

CPCU Society’s annual Reinsurance & Excess Surplus Lines Symposium was a virtual two-days experience of education, networking and fun.

Social inflation and nuclear verdicts are changing the perception of money. As jury awards climb, insurers and their clients must be abreast of the growing issues plaguing court outcomes.

Valuing a wholesaler as nothing more than an aggregator is a mistake with long-term negative implications.

Risk Placement Services released their mid-year casualty market outlook, highlighting which segments are meeting challenges and embracing opportunities.

With the excess and surplus market set to undergo transformative growth over the next decade, brokers and insurers are faced with a host of new challenges and opportunities.

The Wholesale & Specialty Insurance Association (WSIA) Annual Marketplace is back in person this November 16-19.