KIA&B_SepOct2023-3 | Page 24

REVISITING THE Q2 MARKETPLACE RESULTS

KANSAS P & C INSURANCE DATA AND ANALYSIS compiled by Paul Buse , REAL Insurance Solutions Consulting
You are being provided this 2023 – Q2 Kansas Quarterly P & C Marketplace Summary as a benefit of your membership in the Kansas Association of Insurance Agents . Quarterly property and casualty ( P & C ) insurance premium data reveals trends during the current year to give you , as members , a more “ real time ” sense of insurance marketplace conditions . As independent agents , this is the marketplace experience for the business we place for our clients .
This Kansas Quarterly P & C Marketplace Summary report has been improved with the inclusion of more data , notably Kansas-specific line of business premium projections and state-specific loss data . As with the 2023 Kansas Annual P & C Marketplace Summary , the quarterly Summary takes an agent ’ s view of the marketplace and uses direct premiums before reinsurance . The data used in the quarterly Summary is for any quarters in the 2023 calendar year plus the four full years prior to the current year . Two appendices are included in this Summary and are used to explain its technical aspects .
To give you a brief overview of what ’ s to follow in this Summary , Table 1 below is a sample of the Kansas P & C marketplace data , with comparisons to the U . S .
2023 — Q2 Kansas Summary Table
Kansas
United States
Premium Change
All Distribution
+ 11.2 %
+ 11.2 %
Independent Agent
+ 12.5 %
+ 11.5 %
Exclusive / Captive
+ 9.1 %
+ 12.2 %
Direct
+ 9.5 %
+ 8.6 %
Admitted
+ 10.9 %
+ 10.5 %
Surplus Lines
+ 15.6 %
+ 18.6 %
Line of Business Premium Change Projections ( Typical Insured in 2023 — Q2 )
All Auto
+ 9.4 %
+ 12.0 %
Homeowners
+ 11.6 %
+ 14.0 %
Commercial Multi-Peril
+ 6.6 %
+ 3.8 %
22 KANSAS INSURANCE AGENT & BROKER