Posted By IIAW Staff,
Monday, February 5, 2024
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This year the IIAW is expanding your member-only access to state-specific P&C industry data! You may recall the 2021, 2022 and 2023 Wisconsin Annual P&C Marketplace Summaries, and then the addition in 2022 of the Wisconsin Quarterly P&C Marketplace Summaries.
Now, in 2024, we will be adding a number of Insurance Company Lists for your use. We are starting with a Wisconsin All P&C Insurer List that you can access here.
This list will let you have speedy access to information on any P&C insurer you might encounter in Wisconsin. You can quickly search the list by name for any P&C insurer you may be wondering about. The list gives you the below information for each policy-issuing
insurer active in Wisconsin:
- The policy-issuing insurer's Full Name. This is sorted alphabetically to make finding a specific insurer easiest.
- The Insurer Group the insurer belongs to (if any). For example, Acadia Insurance Company is a W.R. Berkley Insurance Group insurer.
- The insurer's "Marketing Type". This is the insurer's approach to the marketplace. For example, Acadia is a well-known independent insurance agency company and it lists "Independent Agency" as its Marketing Type.
- The insurer’s Wisconsin premium from the most recent completed calendar year. For the current All P&C Insurer List, this data is the 2022 calendar year direct written premium. As the 2023 data becomes available, it will used. For example, Acadia’s
2022 direct written premium in Wisconsin is $1,724,000. We do not yet know their 2023 direct written premium in Wisconsin.
- The percentage that Wisconsin premium is to the United States Premium. This answers the question, “how big is Wisconsin for this insurer compared to other states?” For example, Acadia’s Wisconsin premiums are .44% of all Acadia United States premiums.
Note, this means the Acadia’s United States premium is $390,238,095 ($1,724,000 ÷ .0044).
- The percentage the insurer’s United States premium is to the group’s United States premium. This answers the question for insurers in groups or fleets of “how big is this insurer to its group?” For example, there are over 20 insurers in the W.R. Berkely
Group and Acadia’s United States premium is 4.4% of all the premiums for all those 20+ insurers. Note, this means W. R. Berkley’s United States direct written premium of $8.7 Billion ($390,238,095 ÷ .0444)
- The policy-issuing insurer’s largest line of business in Wisconsin. For example, in Wisconsin, Acadia’s largest line of business in Wisconsin is Commercial Multiple Peril.
- The insurer Group’s largest line of business in the United States (if any). For example, W. R. Berkley’s largest line of business in the United States with all group members combined is Other Liability (Occurrence).
So, what else is planned for distribution to you as IIAW members in 2024? Our plan is to provide you regular installments of useful industry data. This Insurance Agents of Wisconsin All P&C Insurer List is the first installment. The remainder of the
year will have you receiving, as a member-exclusive benefit, the 2024 Wisconsin Annual P&C Marketplace Summary in May, the three (3) Wisconsin Quarterly P&C Marketplace Summaries in June, September and December, and useful All Insurer lists by Line
of Business provided in the other months. Next we will plan to provide you the Wisconsin Private Passenger Auto All Insurer List. Watch XXX, IIAW newsletters, and IIAW’s website for other industry data available to you, including your access to
specific insurer Wisconsin P&C Insurer SnapShots, and Wisconsin data-focused webinars.
No one else but IIAW is providing you this industry data and we hope you find it helpful in interacting with prospects and insureds and setting strategic direction. We hope you find it useful. If you have any questions, thoughts or suggestions on this
industry data, please contact IIAW staff to share your thoughts.
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