KIA&B_JulyAugust2024-digital | Page 6

THE KANSAS MARKETPLACE REPORT

THE P & C DATA OF INDEPENDENT AGENTS data compiled by Paul Buse , R . I . S . C .
KAIA members now have access to the 2024 Kansas Annual P & C Marketplace Summary covering the Kansas property and casualty ( P & C ) insurance marketplace .
The full report includes a graphic and numeric presentation of the Kansas P & C industry data from an Independent Agent ’ s perspective . The 2023 data used is the most recently available from A . M . Best Company and includes all 50 states and the District of Columbia ( equaling the 51 entities referred to in the data in this report ). The 2024 United States Annual P & C Marketplace Summary is also available to you as members of the Kansas Association of Insurance Agents at www . independentagent . com .
The full 2024 Kansas Annual P & C Marketplace Summary provides you with the following important information on the Kansas P & C marketplace :
• Premiums for all 32 P & C lines of business in Kansas
• The Top 10 lines of business for Independent Agents
• Premium Growth Rates
• Loss Ratios
• Distribution Style penetration rates and trends
• Commission rates
• Surplus Lines utilization rates
• Lists of the largest insurers for each of the top Lines of Business
• Largest / highest and smallest / lowest state specific data
What follows here is a summary of the overarching Kansas marketplace data , with the full report available to members at kaia . com .
PREMIUMS OVERALL
In 2023 , Kansas P & C premiums reached $ 9.6 billion , ranking Kansas 31 of 51 in total premiums in the United States . That is 1.0 % out of $ 953 Billion in premiums nationwide . On a relative comparative basis , per capita premiums rank Kansas 10 of 51 for all P & C premiums combined , 20 of 51 for Personal Lines , 32 of 51 for Commercial Lines , and 5 of 51 for Agricultural Lines .
4 KANSAS INSURANCE AGENT & BROKER