JSB Market Research: Insight Report: Specialty Insurance Key Trends and Opportunities in the Market
On 10th Sept. 2014
Synopsis • The "Insight Report: Specialty Insurance Key Trends and Opportunities in the Market" report covers in-depth analysis of specialty insurance market and provides: • Detail analysis of the specialty insurance market size and its growth potential over the period 20142018. • Comprehensive analysis of key features of the specialty insurance market. • Details of trends and developments in specialty insurance markets across the world.
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• Comprehensive analysis of long-term growth strategies for specialty carriers. • Insights into details of leading specialty carriers, and product lines offered by them. Summary A challenging property and casualty market, along with weakening profitability, led to the growth of the specialty insurance market, which is becoming increasingly global in nature with specialty carriers trending in similar lines and facing common issues. The global outlook for specialty insurance is positive for 20142018. The US is the largest market for specialty insurance Specialty insurance includes high-hazard insurance, non-standard general insurance, niche market segments, bespoke underwriting, and excess and surplus lines insurance. As there is no standard definition for specialty insurance, estimating the market size is complicated. The global market size for specialty insurance, in terms of gross written premium, was estimated to be in the range of US$140180 billion in 2013. The US is the largest specialty insurance market, contributing more than 50% of the overall gross written premium in 2013. Market capacity for cyber-liability insurance is growing rapidly Growing rates of cybercrime and data breaches have increased demand for insurance protection against cyber-attacks. According to the Center for Strategic and...