2023 | UPDATES & FOCUS

WSIA is the non-profit association of insurance professionals and specialty market leaders dedicated to the wholesale distribution system. WSIA represents the interests of its members and the valuable role they play in the insurance market through networking, education, talent recruitment and development, regulatory and legislative advocacy for surplus lines, and by promoting the value of the wholesale distribution channel.

Wsia Members Performance Benchmarking Data

• WSIA partners with Reagan Consulting to conduct a Performance Benchmarking Study annually. It is sent to all WSIA wholesale and associate member intermediaries.

• 38 WSIA firms submitted surveys in 2022. Participating firms receive customized performance benchmarking reports to help compare their firms against other similarly sized WSIA firms.

2 Lowest # of Employees

WSIA member firms providing 2021 premium data comprised 59% of the 2021 U.S. surplus lines premium according to AM Best.

• $82.7 billion market in 2021

• 25% increase in 2021 surplus lines direct written premium over prior year

• AM Best noted that despite economic, regulatory, legislative and market-related challenges, surplus lines market more than doubled in size over the last 20 years, from 4.3% of total property/casualty direct premiums written in 2001 to 10.1% at the end of 2021.

Best’s Rating Distribution by Rating Category

• Summer 2023: 25 WSIA Interns selected, with more than 461 since 1981; 15 WSIA Diversity Foundation Interns selected.

• Interns are all paid at least $22/hour and receive a scholarship at the successful conclusion of their summer position.

• WSIA Education Foundation scholarship program has awarded more than $1.3 million to 329 students since 1991.

• Reached more than 2,782 college students in 2022 during virtual and in-person campus visit and at five symposiums.

• WSIA U40 membership of approximately 1,300, with Annual Meeting averaging 200 attendees.