Analysis

The surplus lines market plays a critical role in the insurance ecosystem by providing coverage for hard-to-place and specialized risks. For WSIA’s 2020 Annual Virtual Marketplace from September 10-17, read up on the unique lines and market trends impacting the specialty and E&S industry.
The life sciences industry is a significant contributor to U.S. and Canadian economic growth and job creation. Primarily comprised of pharmaceutical, medical device, biotech, and dietary supplements companies, the middle-market life sciences industry has a revenue growth rate and employment growth rate well above the national average.
According to a new report from Chubb, in the 12 months between February 2019 and February 2020, middle-market life sciences companies collectively posted a healthy revenue growth rate of 6.9% and created new jobs at a rate of 6.6%. The U.S. middle-market employment growth rate was 5%.
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