Continued Growth for Surplus Lines in 2023 as Premiums Up 14.6%
Published on February 14, 2024 • Insurance Journal
The excess and surplus lines market continued to grow in 2023, with premium reaching nearly $73 billion according to data from 15 state surplus lines office release by the Wholesale & Specialty Insurance Association (WSIA).
2023 premiums reflected a 14.6% increase over the record-breaking numbers of 2022 when premiums grew more than 24% to $63 billion.