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Research & Actuarial Department
Research & Actuarial Department

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 regulatory 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 2023 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 8 and on each subsequent Monday in March.

Top 25 Property/Casualty Market Share

The Top 25 Property/Casualty Market Share document 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.

2022 Property and Casualty Insurance Industry Market Share Graph

Top 25 Life/Fraternal Market Share

The Top 25 Life/Fraternal Market Share document 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 Share Graph

For more in-depth market share information, please refer to the complete 2023 Market Share Reports for Property/Casualty and the 2023 Market Share Reports for Life/Fraternal, which will be available in the summer of 2024. 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.

2023 Statistical Reports

Description of Statistical Reports

Property

NAME DATA YEAR ANTICIPATED
RELEASE TIME
Auto Insurance Database Report 2020/2021 December
Competition Database Report 2022 December
Homeowners Insurance Report 2021 April
Profitability Report 2022 December
Property/Casualty Market Share 2022 July
Property/Casualty Statistical Compilation    

Life

NAME DATA YEAR ANTICIPATED
RELEASE TIME
Life/Fraternal Market Share 2022 July
Life Statistical Compilation    

Health

NAME DATA YEAR ANTICIPATED
RELEASE TIME
Accident and Health Market Share Report 2022 August
Accident and Health Policy Experience Report 2022 August
Health Statistical Compilation    
Long-Term Care Report 2022 October
Medicare Supplement Report 2022 August
Supplemental Health Care Exhibit Report 2022 September

Miscellaneous

NAME DATA YEAR ANTICIPATED
RELEASE TIME
Credit Insurance Experience Report 2018-2022 August
Insurance Department Resources Report - Volume One 2022 August
Insurance Department Resources Report - Volume Two 2022 September

 

 

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

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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.

Department Contacts

Miguel Romero
Director, Property & Casualty Regulatory Services
816-783-8479

Aaron Brandenburg, CPCU
Assistant Director, Property & Casualty Regulatory Services
816-783-8271

Justin Cox
Data Analyst III
816-783-8148

Louise Shoriwa
Data Analyst III

Libby Crews, CPCU
Senior P&C Research Specialist
816-783-8563

Anne Obersteadt
Regulatory Research Specialist
816-783-8225

Sara Robben
Regulatory Research Specialist
816-783-8230

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

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