White Paper
Why Insurance Specialization Has Become Critical for Managing Complex Risks
White Paper Summary
The insurance industry is experiencing a fundamental shift toward specialization, driven by increasingly complex risk landscapes and evolving regulatory frameworks. As carriers and brokers grapple with everything from cyber threats to climate change impacts, the days of one-size-fits-all approaches are rapidly disappearing.
“I’m very excited about this topic because specialization unlocks protection with confidence in our industry,” said Dawn Brost, Senior Vice President of E&S Brokerage Excess Casualty at Nationwide. “Carriers want to specialize, brokers want to specialize—it’s the key to aligning nuanced broker knowledge with underwriting expertise.”
However, Brost emphasized that understanding the significance behind this trend is crucial. “What’s truly important is understanding why specialization matters, what it really means in practice, and how it benefits our industry,” she said. “Ultimately, the focus should be on how specialization creates tangible value for the insureds.”
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