It’s always nice to see strength of market with the companies we represent. The National Association of Insurance Commissioners (NAIC) has ranked the Top 25 property and casualty insurance companies and groups. They use as their basis – insurance market share of direct premiums written for 2015. The Top 10 providers accounted for 45.63% of 2015 direct insurance premiums written.
The names in the top 10 P&C carriers remained the same as 2014, but with generally incremental movement up or down in the rankings. The most notable change was Liberty Mutual’s drop to fourth place from second.
Two of our primary companies, Travelers & Progressive were in the Top 10. Travelers Insurance ranked #5 with a market share of 3.95%. Progressive Insurance ranked #6 with a market share of 3.63%. Auto-Owners Insurance was ranked #19 in the Top 25.
We write business with these great companies nearly everyday for several reasons. Their premiums are extremely competitive, the service for both policy issues and claims is amazing and they are readily available with the advanced technology they offer. We have been with Progressive & Auto-Owners for 30+ years and Travelers for the past 10 years. All three are obvious leaders in the marketplace and it’s a privilege to have them in our agency.
We can insure you with them and others we represent here at Benton White Insurance. If we can help, we’re always ready to earn your business. Simply contact us at 615.377.1212 or email us at info@BentonWhite.com. If you’re not ready for coverage quotes right now, pass along this blog article to others by clicking the social media icons above or forwarding this by email to a friend or family member. We’ll do our best for them!