Specialty Insurance Market Report Looks Ahead

Apr 24, 2019 | eNews

A new report by Absolute Reports looks at the state of the specialty insurance market presently and forecast into 2024.

The document does not define specialty insurance, but includes information on high-hazard insurance, non-standard general insurance, niche market segments, bespoke underwriting, and excess and surplus lines insurance.

According to the report, property insurance accounts for the largest proportion of the specialty market. North America held the largest share of the market, with revenue exceeding 58.88% of the global market in 2016, followed by Europe and Japan.

The global specialty market is valued at $220 million, as of 2018, and is expected to reach $290 million by 2024. More information on the report can be found online.