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FOR IMMEDIATE RELEASE NAIC
RELEASES SELECT KANSAS CITY, Mo. (March 12, 2008) — The National Association of Insurance Commissioners (NAIC) today released the 2007 market share premium data for the top 25 insurers of select life lines of business. This data helps to provide an indicator of the degree of market concentration in a line of business, as well as identify leading insurance writers. The report includes countrywide direct written premium for the top 25 groups and companies as reported on the State Page of the life/health and fraternal annual statements of insurers that report to the NAIC. This combined data from both annual statement types allows for a more global view of the market place. Cumulative market share data is shown for the life, annuity considerations, and totals of life insurance, annuity considerations, deposit-type contract funds, other considerations, and accident and health insurance. Available free online, the report will be refreshed each Monday through mid-April. Access the report at http://www.naic.org/documents/research_home_life_fraternal.pdf. More in-depth market share information will be available this summer in the NAIC’s 2007 Market Share Reports for Life and Fraternal. This publication includes market share information in 56 jurisdictions. The top 125 groups and companies are shown countrywide and in each line of business by state. This publication can be purchased online via the NAIC Store.
About the NAIC Headquartered in Kansas City, Missouri, the National Association of Insurance Commissioners (NAIC) is a voluntary organization of the chief insurance regulatory officials of the 50 states, the District of Columbia and five U.S. territories. The NAIC’s overriding objective is to assist state insurance regulators in protecting consumers and helping maintain the financial stability of the insurance industry by offering financial, actuarial, legal, computer, research, market conduct and economic expertise. Formed in 1871, the NAIC is the oldest association of state officials. For more than 135 years, state-based insurance supervision has served the needs of consumers, industry and the business of insurance at-large by ensuring hands-on, frontline protection for consumers, while providing insurers the uniform platforms and coordinated systems they need to compete effectively in an ever-changing marketplace. For more information, visit NAIC at www.naic.org/press_home.htm.
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©2008 National Association of Insurance Commissioners. All rights reserved. | ||
