Profile of Study Participants
Participant Premium
|
Overall Benchmark
|
Small Carrier
|
Large Carrier
|
Independent Agency
|
Captive Agency
|
Direct Channel
|
|
Number of Companies
|
40
|
22
|
18
|
27
|
7
|
6
|
|
2015 DPR (millions)
|
$1,432
|
$391
|
$2,646
|
$1,231
|
$1,488
|
$2,237
|
|
2015 Personal DPW (millions)
|
$965
|
$232
|
$1,859
|
$664
|
$1,148
|
$2,102
|
|
New Personal Premium as a % of Premium
|
18%
|
24%
|
17%
|
18%
|
15%
|
19%
|
|
Premium per Policy in Force
|
$1,142
|
$1,110
|
$1,147
|
$1,120
|
$979
|
$1,318
|
Statistics from our participants:
- $1.4 billion average premium written (DPW) reported by participants, with personal lines representing approximately 67% of total DPW.
- 101.9% average personal lines combined ratio of 98.5%. The personal lines results for the participating carriers had a higher loss ratio than.
- $1,142 average policy size reported. Participating captive agency carriers reported the lowest average premium per policy at $979, while the direct channel reported the highest. Some of this variation is as a result of the states in which the participants write business and the levels of coverage offered.
- 106% highest average combined ration by the Direct Channel Benchmark participants.