What is the E&S lines market?

The E&S lines market, therefore, allows both the lender and borrower to obtain coverage not otherwise available on the standard market for various reasons. These can include: Risks not meeting the requirements of the standard insurance market as a result of location, age, and loss or cancellation history.

What is the E&S market?

The E&S market’s key strength is in providing affordable and innovative coverage to meet an insured’s specific needs, that often they can get or are harder to insure in the traditional insurance market. This has never been more prevalent than this over the last 12 months.

How has the E&S market changed in 2022?

The excess and surplus (E&S) market has undergone stellar growth this year, with premiums and submissions both set to increase. Premiums rose 32.4% to $31 billion in the first half of 2022, while year-on-year premiums increased at their highest rate since 2009, according to the U.S. Surplus Line Service and Stamping Offices.