Growing Market Size The U S surplus lines market reached nearly 36 billion dollars in the first half of 2023, indicating substantial growth opportunities for insurance providers and brokers to expand their offerings and capture more market share.
Leadership Expansion Recent appointments to WSIA's board of directors, including industry leaders from Navigators and Lexington Insurance, highlight the association's focus on strategic growth and networking, presenting avenues for partnerships and thought leadership collaborations.
Tech Stack Utilization WSIA employs a modern technology infrastructure including AngularJS, Modernizr, and cloud-based services such as Windows Server, signaling a commitment to innovation which can be leveraged for targeted digital marketing and tech partnerships.
Member Focus With a small but active membership of 11 to 50 insurance professionals and specialty market leaders, there are opportunities for tailored engagement strategies, educational offerings, and premium service packages to deepen client relationships.
Financial Potential Generating revenue between 100 and 250 million dollars, WSIA demonstrates a solid financial foundation, providing a stable base for new service offerings, partnership programs, or technological solutions aimed at enhancing the wholesale and specialty insurance sectors.