Bringing Carriers and Brokers Together to Close Protection Gaps

Why It Matters

Improved transparency and coordinated coverage strategies help preserve capacity, reduce uninsured exposures and justify premium increases to clients, while tort reform and value-added services can materially affect insurer profitability and market stability. Closing tower and exclusion gaps is critical to preventing costly surprises for insureds and maintaining trust in the commercial insurance market.

Summary

At the WSIA marketplace in San Diego, brokers and carriers emphasized stronger broker-underwriter communication and transparency to navigate the hard market and justify rising rates. Panelists called for continued tort reform and clearer disclosure of third-party litigation funding, while also expanding value-added services such as risk engineering and specialty claims handling. They stressed proactively identifying coverage gaps—like wildfire, Florida construction and auto liability exclusions—and coordinating across policy towers to ensure exposures are covered. The recurring theme was partnership: early, frank conversations between brokers and underwriters to craft tailored terms and close protection gaps.

Original Description

Executive Insights featuring Kyle Sternadori from A brand of The Hartford