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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. For More Information Visit: http://goo.gl/Qyvyyr
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JSB Market Research: Insight Report: Specialty Insurance Key Trends and Opportunities in the Market f To buy this Report Visit http://www.jsbmarketresearch.com
Summary: 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. f
Key Highlights: • The US is the largest specialty insurance market contributing more than 50% of the overall gross written premium in 2013. • Cyber-risk, carbon credit risk, risks associated with change in space weather, changing technology, and changes in prices of input materials for manufacturing industries are key emerging risks offering huge growth potential for specialty carriers. • Underwriting margin is very high for specialty insurance and specialty carriers across the world generate strong underwriting profitability in comparison to property and casualty insurers. • Lack of underwriting expert is the biggest challenge faced by specialty carriers. • Large-scale natural disasters not only cause huge insured losses, but also act as a trigger to increase demand for specialty insurance products. • To know more about this report click here – • http://www.jsbmarketresearch.com/finance-banking/r-Insight-Report-Specialty-Insurance-Key-Trends-and-Opportunities-in-the-Market-123762 f
Table of Contents: Insight Report: Specialty Insurance Key Trends and Opportunities in the Market Achieving a profitable customer base Key Success Factors Market Size and Overview Market Size f
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