Contingent risk insurance is the fastest-growing product line in the transactional insurance marketplace. These insurance policies are bespoke, precision tools that unlock value and manage risk arising from a wide array of known litigation and regulatory exposures. And as the market for contingent risk insurance has grown, so too have the range and creativity of contingent risk insurance solutions.
2024 contingent risk insurance market snapshot
- Substantial growth over the last two to three years
- 20+ contingent risk insurers creating a competitive pricing environment
- Total insurer capacity in excess of $1.2B
- Premium pricing generally ranges from 8-15% rate on line (i.e. the premium is 8% to 15% of the limits purchased), exclusive of taxes
- Coverage available for a wide variety of litigation types, including: IP/patent infringement, antitrust, bankruptcy, general commercial disputes, commercial arbitrations, personal injury, enforcement actions by government regulators, securities class actions, and mass tort litigation
- Coverage can be placed at multiple litigation stages: Pre-filing, mid-litigation, or post-judgment
This client guide provides a product overview of contingent risk insurance and case studies featuring bespoke solutions and creative policies placed by WTW. We invite you to fill out the form on the right to download the Contingent Risk Solutions: 2024 Client Guide.
