Specialty insurers often adopt specialization strategies to drive growth, even though distinct divisions are rare compared to other industries. As new hazards emerge, demand for specialized insurance has grown, bringing challenges such as market fragmentation, siloed sales, and efficiency demands, making it harder for agencies to serve specialized customers effectively. https://www.insurancebusinessreview.com/news/implications-of-the-growing-industry-of-speciality-insurance-nwid-190.html