P&C Industry Summaries and Insurer SnapShots

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Almost 40 Big I states, and the Independent Insurance Agents & Brokers of America (IIABA) participate in making the 2023 Annual P&C Marketplace Summary available to their members, via password protected web-portal, or via some other member-only distribution system.  Access is available by contacting the following Big I independent agent's association's:

• IIABA
• Big I State Associations in Arkansas, Arizona, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Iowa, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Maryland, Michigan, Minnesota, Mississippi, North Carolina, Nebraska, New Hampshire, New Jersey, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, South Dakota, Texas, Virginia, Vermont, Washington, and Wisconsin.

Contact information for the IIABA and all Big I state associations is available at www.iiaba.net.  For state association links, go to "Your State" at the top of the home page at www.iiaba.net.

Access to your state-specific 2023 Annual P&C Marketplace Summary in the following states is available directly from Real Insurance Solutions Consulting, for $100 for Big I members, and $250 for non-members.  

• States where individual purchase is available:  Alaska, Alabama, Hawaii, Idaho, Missouri, Montana, Oregon, Puerto Rico, Utah, and Wyoming. 

Email me at Paul@realinsurancesc.com to purchase, and I will send you your Annual Summary.

Each Annual P&C Marketplace Summary contains the following information.  United States data is provided in each state-specific summary and largest/smallest, best/least favorable state information is provided in the United States Summary.

• Premiums by lines of business
• Top 10 lines of business for independent agents and all distribution styles combined
• Loss ratios in total and for each line of business
• Premium growth rates in total and by line of business
• Penetration rates for insurers by distribution style (independent agent, exclusive-captive, direct, and other.
• Commissions by line of business
• Surplus lines utilization rate in total and by line of business
• Line of Business Details: For 26 lines of business, plus any line of business in independent agent top 10 line of business, 5-year premiums are provided with over-lay of independent agent premiums, 5-year loss- and combined ratios along with details on surplus lines utilization, largest insurers by distribution style and data on growth rates and loss ratios. 

 In the Annual Summary, insurers are classified into distribution styles of independent agent, exclusive-captive, direct and other based on reported marketing types by those insurers. That process, in short, is each insurer is categorized into a distribution style based on its disclosed marketing type whenever that distinction is needed.  Whether for premiums and penetration or for other measures like commissions paid each insurer's data is categorized.  More information on the details of the approached used for this categorization of policy-issuing insurers is explained in an appendix in the Annual P&C Marketplace Summary.  

Big I associations that contracted for their Annual P&C Marketplace Summary control the use of their Summary.  Associations can distribute it to members and make it available to others at their discretion, as long as attribution is properly provided for the source of the data, which is the A.M. Best Company and their Financial Suite as arranged and presented by Real Insurance Solutions Consulting.  Independent insurance agencies purchasing a non-participating state's Annual P&C Marketplace Summary have the right to use their purchased Summary within their agency, for use in presentations to prospects, clients, or employees.  However, those considering purchase should be aware that distribution beyond their agency, or to customers, is not allowed by the Agreement to purchase it. 

The 2023 state-Specific P&C Insurer SnapShot's reverse the macro industry, state-wide view of the P&C marketplace/industry, and instead focus on a specific P&C policy issuing insurer operating in a specific state. The SnapShots are designed as a compliment to the state-specific Annual, and Quarterly P&C Summaries, and are an independent agent's view of an insurer, looking at direct written premium and direct losses in a specific state.  The specific insurer and parent group data is provided, along with United States data for perspective.  They are available on an as requested basis from Real Insurance Solutions Consulting.  

• Individual insurer Snapshots are $50 each 

To obtain a summary of a specific insurer email me at Paul@realinsurancesc.com.

Each 2023 state-Specific P&C Insurer SnapShot contains the following information:

• United States Group Overall View: This includes the insurers and group's Top 10 lines of business by direct premiums, and a 10-year premium and loss ratio combination graph with the insurer and its group's data, for all states combined.  Also provided is up to 10 sister insurers, those insurer's premiums, largest direct written premium state, licenses, and listed marketing type.
• State vs. United States Comparison View:  The insurer and its group's top 10 lines of business is provided, with a 10-year premium and loss ratio combination graph for the insurer and its group's data for that specific state.
• United States Top Lines of Business View: 10-year premium and loss ratio combination graphs for the insurer and it's group's top 10 lines of business for the United States.
• State Top Lines of Business View: 10-year premium and loss ratio combination graphs for the insurer and it's group's top 10 lines of business for the specific state.
• Quarterly Data View: Quarterly premium, and paid loss and reserve changes are provided for the specific insurer in the specific state, and the United States. Comparison premium and paid loss quarterly data is provided.
• Commission View:  Commision data is provided for all lines of business for the specific insurer in the specific state, and the United States.  Comparison commission data is provided. 

There is no classification of individual insurers into distribution styles, unlike the Annual and Quarterly Summaries that classify insurers into the distribution styles of Independent Agent, Exclusive-Captive, Direct, and Other. However, each insurer's disclosed marketing type is provided, along with license, largest line of business, and other attributes of that insurer.

Those purchasing a SnapShot can use it in their agency as they deem appropriate, but the SnapShot Purchase Agreement does limit distribution of the SnapShot's data and information to within the purchasing agency. It should not be distributed as a whole to other agencies, or to industry partners.   Essentially, it is expected that individual agencies will purchase their own SnapShot if it would be of use to them in agency or carrier strategic discussions, or for client or prospect education. Purchasing agencies will not share more than limited parts of a SnapShot with other agencies, colleagues or others.