There’s no stopping the positive momentum in the United States excess and surplus lines insurance market. In recent years, the specialty market has gone from strength to strength, riding a solid growth curve and enjoying record levels of premium and a strong financial position.
The first six months of 2021 were no different. According to experts, surplus lines premium exceeded $24 billion through the first half of 2021, marking a 21.9% increase over the same period in 2020.
“There are no significant regional differences, though natural disaster coverages do vary regionally. For example, western states are seeing increased demand in wildfire coverages but, overall, most lines of business are up across the board without any dramatic geographical differences” said Davis Moore, WSIA President and CEO of Worldwide Facilities, an Amwins company.