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MARKETPLACE SUMMARY
lines of business but with all distribution styles included in premium totals for each line of business. The bottom two pie
charts are the same approach, but based on total United States independent agent distribution and premiums.
In Appendix #2: Distribution Style Classifications, background is given on the classification of insurers into distribution
styles based on insurer reported marketing types.
Top Line of Business Perspective
The United States overall, and most states individually, see Private Passenger Auto as the largest premium line of business
through independent agents. This is case in about 80% of the states, but there are exceptions. Those exceptions are
a handful of Midwest states, which have Multi-Peril Crop as their highest premium line of business, followed by several
states with Other Liability (Occurrence) or Other Liability (Claims-Made), a few states with Workers’ Compensation, and
finally one state with Homeowners Multi-Peril.
There are consistencies in the highest premium generating lines of business. To get a sense for that, in the table below
are the lines that are present in at least one state’s Top 10, along with the percent of states where that line of business is
in the top 10. The percentages are approximate, as small changes in premiums can result in variances, particularly in the
last of the lines listed.
Line of Business States With Product in Top 10
All Commercial Auto 100%
All Private Passenger Auto 100%
Commercial Multiple Peril 100%
Inland Marine 100%
Other Liability (Occurrence) 100%
Homeowners Multi-Peril 80% to 95%
Other Liability (Claims-made) 80% to 95%
Workers' Compensation 80% to 95%
Fire 80% to 95%
Multi-Peril Crop 45%
Allied Lines 35%
Medical Professional Liability 10%
Surety 10%
Farmowners Multi-Peril 10%
Accident & Health Lines 5%
Private Crop 5%
Earthquake 5%
Aircraft(all perils) 2%
Ocean Marine 2%
Warranty 2%
Source: © A.M. Best Company — used by permission.
Continued on page 18 >>
SUMMER 2022 THE BIG I VIRGINIA 17
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