Spotlight on Innovation in the Transaction Insurance Market

September 2016

Advisen executive interview: Dennis Kearns, QBE

What are the drivers of growth in the Transaction Insurance market? How big can the Transaction Insurance market get? How is the market responding to new risks? Where is the innovation coming from? How do you account for cyber exposure? How can the market make the representations and warranties (R&W) product more relevant?

Advisen EVP and Editor-in-Chief Rebecca Bole interviewed Dennis Kearns, leader of QBE North America’s Transactional Liability and Financial Institutions practices, about the factors driving the market to grow at a fast pace.

Read more and download the full Executive Interview with Dennis Kearns at http://www.advisenltd.com/2016/09/15/spotlight-on-innovation-in-the-transaction-insurance-market/

Dennis Kearns, QBE. (2016, September). Advisen Executive Interview.

Interest, Good Claims Record Prompts Rapid Growth in Transactional Risk Insurance Market

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.