An occasional look at the shifts in the commercial auto market share courtesy of CAR
The following are the latest movements and trends in the market share of the top 10 commercial automobile insurance companies in Massachusetts. Like our look at the private passenger auto insurance marketplace, the aim of this article is to provide a snapshot of what is happening in the market along with a review of the overall shifts and trends that are happening within the commercial automobile insurance marketplace in the Commonwealth
All of the data presented here is provided courtesy of the Commonwealth Automobile Reinsurers, the statistical agent for motor vehicle insurance in the Commonwealth of Massachusetts.
Graphs from March 2016 and 2006 show market changes
The following chart lists the total market share for the majority of commercial auto insurance writers in Massachusetts, followed by the top ten writers by market share as of March 2016. Please compare these market leaders with a similar graph from 2006 to see how the Massachusetts commercial automobile insurance market has shifted over the last ten years.
A look at the market share of the top 20 commercial automobile insurers
The following data on commercial premiums policy reported to CAR is as of March 2016, the most recent month for which complete data is available. While there are more than 20 carriers that write commercial auto in the Commonwealth, we decided to provide data for only the top 20.
|LIBERTY MUTUAL INS.||8,938,037||4.78%|
|TOKIO MARINE & NACHIDO||6,905,227||3.69%|
|TWIN CITY FIRE INS||3,416,407||1.83%|
A look at the market share for the top 10 companies writing commercial auto insurance in Massachusetts as of March 2016
Compare above with the top ten commercial auto insurance companies in Massachusetts a decade ago (2006)