"Emerging Trends and the Wholesale Insurance Market: How the Industry is Adapting
Specialty insurers are drawing from the sectors they insure for claims and underwriting expertise.
Wholesale brokers and underwriters are becoming more specialized, allowing them to help insurers better customize coverage.
Many wholesale brokers are working directly with insureds, utilizing their subject matter knowledge and access to insurers.
Smaller entrants often engage reinsurance as a tool to meet capital needs, while large insurers are looking toward capital markets and acquisitions as means to gain competitive advantages.
Settlement demands are rising, driven by a plaintiff's bar that is backed by deeper resources and better coordinated strategies.
