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Research & Actuarial Department

UPDATE: P/C Actuarial Opinion Instructions With Revised Qualified Actuary Definition

In August 2017 the NAIC, in collaboration with a consultant, began a Job Analysis Project to revise requirements for the Property/Casualty (P/C) Statement of Actuarial Opinion (instructions) using an evidence-based definition of a "Qualified Actuary." The resulting proposed instructions incorporate an expanded definition of "Qualified Actuary" based largely on the results of the Job Analysis Project, with the addition of professionalism requirements.

The instructions with definition were exposed for a 45-day comment period ending Feb. 12. The comments are posted here, along with two memorandums addressing the instructions and proposed next steps.

Resources

Department Contacts

Aaron Brandenburg, CPCU
Economist & Statistical Information Manager
816-783-8271

Amy Fitzpatrick
Data Analyst II
816-783-8837

Denise Matthews
Director - Data Coordination & Statistical Analysis
816-783-8007

Eric King, FSA, MAAA
Health Actuary
816-783-8234

Eric Nordman, CPCU, CIE
Director, Regulatory Services & CIPR
816-783-8232

Jennifer Gardner, CPCU
Data Coordination and Statistical Analysis Manager
816-783-8758

Kris DeFrain, FCAS, MAAA, CPCU
Director, Research & Actuarial Department
816-783-8229

Libby Crews
Data Analyst II
816-783-8563

Reggie Mazyck
Life Actuary
202-471-3991

Sara Robben
Statistical Advisor
816-783-8230

 

The NAIC's Research & Actuarial Department is committed to providing insurance regulators, consumers, academics, industry and government entities and other interested persons with insurance statistical, actuarial, financial and market conduct information for both economic analysis and rgulatory monitoring of the insurance marketplace. Additionally, Department members assist the Center for Insurance Policy & Research (CIPR) with its mission to serve federal and state lawmakers, federal and state regulatory agencies, international regulatory agencies, and insurance consumers, by enhancing intergovernmental cooperation and awareness, improving consumer protection and promoting legitimate marketplace competition.

 

Top 25 Market Share for Property/Casualty & Life/Fraternal

The NAIC's Research & Actuarial Department is providing 2017 Market Share premium data for the top 25 insurers of select property/casualty and life/fraternal lines of business as the data is received. This report includes 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. This report helps to provide an indicator of the degree of market concentration in a line of business as well as identifying leading insurance writers. The Top 25 Market Share reports will be refreshed daily through March 7 and on each subsequent Monday in March.

Top 25 Property/Casualty Market Share

The Top 25 Property/Casualty Market Share uses data from the property/casualty annual statement. Market share data for this report is shown for the following lines of business:

  • Personal Auto;
  • Commercial Auto;
  • Workers’ Compensation;
  • Medical Professional Liability;
  • Homeowners; and
  • Liability.
Property and Casualty Graph

Top 25 Life/Fraternal Market Share

The Top 25 Life/Fraternal Market Share uses combined data from the life/health annual statement and the fraternal annual statement so that the life insurance market can be viewed in its entirety. Market share data for this report is shown for the following lines of business:

  • Life insurance;
  • Annuity Considerations; and
  • Cumulative Total for Life insurance, Annuity Considerations, Deposit-type Contracts, Other Considerations, and Accident and Health Insurance.
Life Insurance Market Graph

For more in-depth market share information, please refer to the complete 2017 Market Share Reports for Property/Casualty and the 2017 Market Share Reports for Life/Fraternal, which will be available in the summer of 2018. 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 for property/casualty lines and the top 125 groups and companies are shown by state for life/fraternal lines.


 

2018 STATISTICAL REPORTS

Description of Statistical Reports

Property

NAME DATA YEAR ANTICIPATED
RELEASE TIME
Auto Insurance Database Report 2015-2016 November
Competition Database Report 2017 December
Homeowners Insurance Report 2016 December
Profitability Report 2017 December
Property/Casualty Market Share 2017 June
Property/Casualty Statistical Compilation 2017 August

Life

NAME DATA YEAR ANTICIPATED
RELEASE TIME
Life/Fraternal Market Share 2017 May
Life Statistical Compilation 2017 August

Health

Miscellaneous