Emerging Exposures Surplus lines writers are the first to respond to emerging risks showing up in the headlines.


“The surplus lines marketplace really reacts well to emerging risks.”


David Obenauer, Crump


Emerging risks can be viewed from the perspective of industries or products. The top three industries for emerging opportunities are energy, healthcare and life sciences industries. Newly developed insurance products may address newly emerging risks or existing exposures that haven’t received a lot of attention in recent years. Examples include product recall coverage and environmental liability. Other products address emerging risks that turn up frequently in the headlines, such as cyber liability for data breaches and contingent business income losses that followed the tsunami and earthquake in Japan.


Lexington has developed solutions to help respond to many of these emerging risks. For example, a new global supply chain product reflects a greater appreciation for clients’ contingent business income exposure. Some new healthcare products respond to court decisions overturning caps on damages in medical malpractice lawsuits, while another healthcare product addresses compliance with healthcare reform regulations concerning electronic medical records.


Copyright © 2012 by A.M. Best Company, Inc. All rights reserved. No part of this report may be reproduced, stored in a retrieval system or transmitted in any form or by any means; electronic, mechanical, photocopying, recording or otherwise.


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17