State of the Surplus Lines Market 2020
Brady Kelley, executive director, WSIA said the excess and surplus sector is into its eighth year of growth.
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.
Lou Levinson, president and chief executive officer, Lexington Insurance, said frequent, meaningful communication helps to overcome the stress of not being able to conduct business in traditional face-to-face settings.
David Blades, associate director, industry research & analytics, AM Best, said domestic companies focused primarily on the surplus lines sector outperformed the entire sector.
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.
