Specialty Insurance
This sector focuses on underwriting complex, high-risk, or non-standard liabilities that traditional policies exclude, such as cyber security breaches, marine cargo, or event cancellations.
Why it exists
Specialty insurance exists to cover risks that are too unique, complex, or volatile for standard insurance products.
Why it’s necessary
Modern economies generate novel risks—from cyber, to aviation, to energy infrastructure—that require customized coverage.
Key components
Cyber, marine, aviation, energy, D&O
Custom underwriting teams
Complex claims management
Global broker distribution
How to evaluate businesses
Pricing power, underwriting expertise, claims discipline, and niche dominance matter more than scale. The best players thrive where data is scarce but expertise is deep.
How the industry could be improved
AI-driven risk modeling, real-time exposure tracking, modular policy construction, and better post-loss analytics to refine future pricing.