The transaction risk insurance market has grown leaps and bounds in a remarkably short amount of time; in fact, 2015 saw a record number of representations & warranties policies written globally.
The rapid growth and interest in the market translated into a sold-out crowd at Advisen’s Transactional Insurance Insights Conference this week in New York.
“Five years ago, we may have been able to get 20 to 25 people together and talk about the subject,” said Peter Rosen, partner at Latham & Watkins and conference chair. “Ten years ago, no one would have even tried to host an event similar to today.”
He added, “We’re probably looking at approximately 750 policies written in the US in 2015 and 2,000 written globally. And the prediction is that the market is going to continue to grow as it is covering approximately only 15 percent of all private deals.”
Panelists agreed that the market’s positive track record on paying claims has assisted its meteoric growth.
Read more at http://www.advisenltd.com/2016/05/02/good-claims-record-prompts-rapid-growth-in-transactional-risk-insurance-market/
Josh Bradford. “Interest, good claims record prompts rapid growth in transactional risk insurance market.” Advisen Ltd. 2 May 2016. Web. 4 May 2016.
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