State of the Surplus Lines Market 2020
David Blades, associate director, industry research & analytics, AM Best, said domestic companies focused primarily on the surplus lines sector outperformed the entire sector.
Marya Propis, senior vice president, director of distribution and broker partnership, All Risks Ltd., said insurers' efforts to increase diversity and inclusion will pay off with more resourceful, adaptive workforces.
Natural catastrophes, social inflation and a challenging investment environment raise the stakes for insurers that underprice business, Bryan Sanders, president, Markel Specialty and WSIA president said.
Jacque Schaendorf, president and chief executive officer, Insurance House, said central functions such as policy administration and claims systems are among the first areas to be remade by the influx of technology-focused insurance entrants.
Despite disruption from the COVID-19 pandemic, stamping offices throughout the United States report ongoing growth in the excess and surplus market, WSIA Executive Director Brady Kelley said.
