A look at WSIA after two years

WSIA supports the industry’s role as the “safety valve” for the most unique, hard-to-place, specialized risks.

The Wholesale & Specialty Insurance Association (WSIA), formed in August 2017 with the merger of the American Association of Managing General Agents (AAMGA) and the National Association of Professional Surplus Lines Offices (NAPSLO), is an organization of insurance professionals dedicated to the wholesale distribution system. Two years later, WSIA’s membership is composed of approximately 740 firms, more than 1,700 offices and tens of thousands of industry professionals, and our members represent the entirety of the wholesale, specialty and surplus lines industry.

The wholesale, specialty and surplus lines industry acts as an effective supplement to the admitted market in situations in which admitted carriers are either unable to provide coverage or don’t have the appetite to underwrite the risk. WSIA supports the industry’s role as the “safety valve” for the most unique, hard-to-place, specialized risks and the industry’s importance in the overall insurance marketplace. Without it, new technologies, economic development, new business ventures, and consumers exposed to unique risks in various regions and on the coasts of our country, among many others, would be uninsured.