The Market Share report can help users understand the current insurance marketplace and opportunities and understand the evolving areas, review historical changes and verify assumptions. The 2024 report is based on 2023 data.
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About the Report:The 2023 data used is the most recently available from AM Best Company and includes all 50 states and the District of Columbia (equaling the 51 entities referred to in the data in this report). This report graphically and numerically presents the United States P&C industry data from an independent agent's perspective.
The Market Share Report emphasizes direct premiums, direct losses, and the associated direct underwriting results before reinsurance. Also included is data from nearly 3,000 insurers that are domiciled in the United States, and if they have written premiums in United States then their data is incorporated.
This Summary provides information on the United States P&C marketplace:
- Premiums for all 32 P&C lines of business in United States
- The Top 10 lines of business for Independent Agents
- Premium Growth Rates
- Loss Ratios
- Distribution Style penetration rates and trends
- Commission rates
- Surplus Lines utilization rates
- Lists of the largest insurers for each of the top Lines of Business
- Largest/highest and smallest/lowest state specific data
Supporting Information:The report includes four instructive Appendices: Distribution Style Classifications, NAIC Line of Business Definitions, Line of Business Facts-A Visual Reference, and a United States All Active Insurers List. The last appendix is new for the 2024 release and provides basic information on any insurer operating in the United States P&C marketplace.
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