E&S Surplus Lines Reach New Premium Records According to AM Best
Friday, 13 September 2024, 13:32
Surplus Lines Market Overview
The latest AM Best report indicates a dramatic rise in the surplus lines market. With evolving challenges, the E&S sector continues to adapt and prosper. The report notes a record premium achievement as surplus lines capture an increasing share of the P/C market.
Premium Growth Trends
As of 2023, surplus lines constituted 23.7% of total commercial lines direct premiums. This significant figure reflects not just growth in market performance, but also a shift in positioning within the industry.
Market Dynamics and Challenges
- Regulatory changes impacting market stability.
- Underwriting profitability remains a focal point for insurers.
- Investment strategies must adapt to evolving risks.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.