Social inflation is restricting underwriting practices and impacting coverage limits, particularly in high-risk industries prone to nuclear verdicts. Despite rapid changes in the Excess and Surplus (E&S) market, it remains adaptable in providing tailored insurance solutions. The market grew significantly in 2023, reaching $31 billion in premiums. Key emerging risks include nuclear verdict costs, social inflation, cyber risks, consumer inflation, third-party litigation funding, human trafficking, and climate change, which are expected to remain challenges in 2024.

Social inflation is restricting underwriting practices and impacting coverage limits, particularly in high-risk industries prone to nuclear verdicts. Despite rapid changes in the Excess and Surplus (E&S) market, it remains adaptable in providing tailored insurance solutions. The market grew significantly in 2023, reaching $31 billion in premiums. Key emerging risks include nuclear verdict costs, social inflation, cyber risks, consumer inflation, third-party litigation funding, human trafficking, and climate change, which are expected to remain challenges in 2024.