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FOR IMMEDIATE
RELEASE
NAIC RELEASES SELECT MARKET SHARE DATA Life/Fraternal, Property/Casualty Reports Now Posted
Online
WASHINGTON, D.C. (March 3, 2010) — The National
Association of Insurance Commissioners (NAIC) today released two
sets of data that help provide an indicator of the degree of market
concentration in lines of business and identify leading insurance
writers.
The 2009 market share data for life/fraternal and
for property/casualty insurers include countrywide direct written
premium for the top 25 groups and companies as reported on the State
Page of the annual statement for insurers that report to the
NAIC.
The property/casualty report contains cumulative market
share data for the following lines of business: personal auto,
commercial auto, workers' compensation, medical professional
liability, homeowners and other liability (excluding auto liability)
insurance.
The life/fraternal market share report contains
cumulative market share data for the following lines of business:
life; annuity considerations; and aggregate total of life insurance,
annuity considerations, deposit-type contract funds, other
considerations and accident/health insurance.
Both of these
reports will be refreshed daily through March 12 and then each
Monday through the end of March. These abbreviated reports are
available for viewing at no charge on the NAIC Web site:
For more in-depth market share information, please refer to the
complete 2009 Market Share Reports for Property/Casualty
and the 2009 Market Share Reports for Life/Fraternal, which
will be made available in summer 2010. The top 125 groups and
companies countrywide are shown in each line of business and the top
10 groups and companies are shown by state.
Beginning for
the first time in 2010, the 2009 Market Share Report for
Property/Casualty will also be divided into sections and
available electronically for those who wish to purchase the report
by lines of business. The line of business sections will consist of:
1) Private Passenger Auto; 2) Commercial Auto; 3) Workers'
Compensation; 4) Property Lines; 5) Commercial Lines; and 6)
Miscellaneous Lines. Any of these publications can be purchased
online via the NAIC
Store. |
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About the NAIC
Formed in 1871, 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 has three offices:
Executive Office, Washington, D.C.; Central Office, Kansas City,
Mo.; and Securities Valuation Office, New York City. The NAIC serves
the needs of consumers and the industry, with an overriding
objective of supporting state insurance regulators as they protect
consumers and maintain the financial stability of the insurance
marketplace. For more information, visit www.naic.org. |
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Contacts
Communications
Division (816) 783-8909 news@naic.org
Scott
Holeman Communications Director
Jeremy
Wilkinson Electronic
Communications Manager
Miun
Gleeson Communications Specialist
Vanessa
Sink Communications Specialist
Steve
Cohen Communications
Specialist
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