Obstacles in the Specialty Insurance Market

Lumsden0723 Jan, 2025News

The specialty insurance market focuses on high-risk, unique exposures not covered by traditional insurance, serving industries like aviation, marine, cyber liability, and professional indemnity. While it offers significant opportunities, it also presents challenges, particularly the need for niche expertise. Insurers must possess deep industry knowledge, relevant experience, and access to critical data to accurately assess complex risks and provide appropriate coverage.