The market for excess and surplus lines of insurance is experiencing record growth, according to a recent Conning report.
Over the past five years, the market expanded at an annual growth rate of 21%, surpassing $104 billion in premiums in 2023, driven by a demand for innovative and tailored insurance solutions.
During the study period, the data showed increased catastrophe activity and rising settlement costs have posed significant hurdles, leading to heightened liability claims and volatility in underwriting performance.
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Joe Toppe
Joe Toppe serves as managing editor of PropertyCasualty360.com. Joe is also a father of three, an author, and longtime lover of baseball.
