KIA&B 2015 Volume 20, Issue 4 | Page 14

2014 a.m. best’s Kansas market share report who gained? who lost? gauging market share in kansas across all lines of coverage hese charts tell the story on how Kansas fared in 2014 by line of coverage. It is important to keep in mind that the loss ratios shown are pure loss ratios and are not combined, which you can estimate by adding 30%, plus or minus, for expenses. If you are looking for new markets, these lists are a good place to start. Some of the names will not be readily familiar because A.M. Best uses the group name rather than the name that may be used in Kansas or that may be the most familiar member of the group. T If you need contact information on any of the carriers, call or email the KAIA office and we will be glad to help. You may also refer to the Agency Guide list on our website, www.kaia.com. Go to the Member Resources tab, then the Member Library page to download it. This list is for KAIA members only and you will need your username Written (000) Market Share Loss Ratio 2010 Rank 2011 2012 2013 Rank Rank Rank 2014 Rank 13,801 11.30 58.76 1 1 1 1 1 1,828 1.5 35.1 2 2 2 3 2 1,165 0.95 45.10 6 6 7 5 3 1,054 0.86 65.25 3 3 3 4 4 1,032 0.84 111.58 - - - 8 5 928 0.76 25.28 4 4 5 6 6 853 0.69 84.66 - - - - 7 780 0.63 29.68 5 5 6 7 8 705 0.57 89.35 8 8 10 8 9 512 0.41 38.89 7 7 9 9 10 Total All Independents: 25,656 21.01 Top 5 Direct Writers State Farm Group 31,912 26.14 39.61 1 1 1 1 Amer Family Ins 14,907 12.21 46.31 2 2 2 2 Farmers Insurance Group 9,386 7.68 62.50 3 3 3 3 Farm Bureau P&C Group 8,365 6.85 57.62 4 4 4 4 Berkshire Hathaway 6,413 5.25 56.51 5 5 5 5 Total All Directs: 96,423 78.98 When looking at some of the lines, especially commercial insurance lines, it is worth noting that a lot of the premium volume that appears in the Direct Writer category is actually written by independent agents. Consider that Nationwide owns Allied, Allstate uses both channels and Liberty Mutual’s independent agent channel is now bigger than their direct channel. Categorizing carriers is getting more difficult all the time. We hope these reports will be useful to your agency as you manage your company relationships. Please let us know if there is other information that would be useful to you in managing your operation. other private passenger auto liability private passenger Auto no-fault Top 10 Independent Agency Companies Progressive Group Travelers Group Traders Ins Co Hartford Insurance Group Key Insurance Company Farmers Alliance Companies Sentry Ins Group Columbia Insurance Group State Auto Insurance Co Buckeye Insurance Pool and password to access it. The Agency Guide is one of the best lists of independent agent markets you will find anywhere, from anybody – period. 1 2 3 4 5 Top 10 Independent Agency Companies Progressive Group Travelers P&C Group Key Insurance Co Hartford Insurance Group Traders Insurance Co State Auto Insurance Co Sentry Ins Group Farmers Alliance Companies Columbia Ins Group Kemper P&C Group Written (000) Market Share Loss Ratio 79,591 15,585 13,523 8,901 5,819 5,094 5,090 5,019 3,315 2,761 11.52 2.25 1.95 1.28 0.84 0.73 0.73 0.72 0.48 0.40 61.10 53.04 51.06 51.74 59.28 76.02 64.62 72.30 65.49 51.04 Total All Independents: 163,351 23.66 2010 Rank 1 2 3 4 6 8 - 5 7 - 2011 2012 2013 Rank Rank Rank 1 2 3 4 6 8 - 5 7 12 1 2 3 4 7 6 - 5 8 10 1 2 3 4 7 6 - 5 9 10 Top 5 Direct Writers State Farm Group 130,686 18.93 63.92 1 1 1 1 Amer Family Ins 86,694 12.55 66.16 2 2 2 2 Farmers Insurance Group 62,810 9.09 57.28 3 3 3 3 Farm Bureau P&C Group 51,542 7.46 67.98 4 4 4 4 Allstate Ins Group 33,683 4.87 61.41 - - - - Total All Directs: 527,017 76.33 2014 Rank 1 2 3 4 5 6 7 8 9 10 1 2 3 4 5