Profile of Study Participants
Participant Premium
|
Multi-Line Carrier
|
Small Multi-Line
Carrier Carrier
|
Large Multi-Line
Carrier
|
Mono-Line
Workers Comp.
|
|
Number of Companies
|
31
|
16
|
15
|
9
|
|
2015 DPR (millions)
|
$945
|
$220
|
1,645
|
$384
|
|
2015 Commercial DPW (millions)
|
$440
|
$138
|
$762
|
$384
|
|
New Commercial Premium as a % of Premium
|
19%
|
19%
|
19%
|
22%
|
|
Premium per Policy in Force
|
$3,871
|
$4,385
|
$3,786
|
$16,889
|
Statistics from our participants:
- $945 million average direct premium written (DPW) reported by multi-line participants, with commercial lines representing approximately 47% of total DPW. Mono-line
workers compensation carriers reported an average DPW of $384 million.
- $3,871 average commercial lines policy size reported for multi-line carriers. Small carriers reported average policy size that was 16% higher than the large
carrier benchmark.
- 93.7% average commercial lines loss ratio for multi-line carriers, compared to an average total combined ratio of 97.5%.The commercial lines results for the participating carriers performed better than their personal lines business.
- 90.3% 2015 combined ratio reported by monoline workers compensation carriers.
- $16,889 average policy size reported for mono-line workers compensation carriers.