WIN Magazine - Summer 2016 - (Page 26)

GA M er er AA Pap inn 16 te h W 20 hi arc W se Re FEATURE THE INFRINGEMENT OF STANDARD MARKETS ON & THE EXCESS SURPLUS LINES MARKET T BY HANNAH G. LANIER 2 6 | v i e w t h i s i s s u e a t | O MANY INSURANCE industry professionals, the functions of standard markets and excess and surplus markets can easily be differentiated. Whereas the standard market is licensed by the state and must abide by rate and form regulations, the excess and surplus industry has freedom of rate and form. The E&S market can insure unique risks that the standard market would typically reject. However, historically standard line companies will occasionally place high-risk policies that would not usually be written in the standard market, taking business away from the E&S market. With the development of new and emerging risks and more insurers entering the market, this infringement continues to expand, and there is curiosity within the industry about the variety of possible positive or negative impacts that the E&S market could face.

Table of Contents for the Digital Edition of WIN Magazine - Summer 2016

44,000,000,000,000,000,000,000 Opportunities: The Exponential Cyber Liability Market
AAMGA’S 2016 Winning White Papers
IoT: Insurance, Opportunities, Threats
Hydraulic Fracking: The MGA’s Guide
The Infringement of Standard Markets on the Excess & Surplus Lines Market
Beyond the New Normal: Could the Surplus Lines Market be Heading for a 10% Market Share?
Personal Lines Perspectives: Updates and Opportunities to Writing a Better Exposure
Underwriting Unusual Exposures: Tips, Tools and Techniques
A Changing World of Risk and Regulation
Going to the Dogs—The Cause for Paws: How a Specialty Underwriter is Changing the Lives of Our Best Friends
In the WIN-ner’s Circle: Thomas B. Rogan
In the WIN-ner’s Circle: Roger Ware
5 Steps to Create a Production Culture That Advances Your Business
Index of Advertisers

WIN Magazine - Summer 2016