The general class is stable, but extra capacity has contributed to a buyers market. In addition, agents and brokers will find some transportation accounts tough to write because of increased losses.
For property and casualty insurers and reinsurers, the impact of the 9/11 terrorist attacks was enormous, producing insured losses over $43 billion in 2015 dollars.
A growing number of cyber attacks and the increasing reliance of businesses upon technology are responsible for the traction the cyber risk insurance market is gaining.