Market Share Review of Commercial Auto Insurers in Massachusetts As of April 2017

The latest movements and trends in the commercial automobile insurance marketplace in Massachusetts

As with our review of the private passenger auto insurance marketplace, Agency Checklists now turns to the current state of the commercial automobile insurance marketplace to review the overall shifts and trends happening within the Commonwealth,

All of the data presented here is provided courtesy of the Commonwealth Automobile Reinsurers and represents the state of the market as of April 2017, the latest date for which there is complete data available. For those unfamiliar with the Commonwealth Automobile Reinsurer, “CAR” is the official statistical agent for motor vehicle insurance in the Commonwealth of Massachusetts.

Commerce back on top

Commerce has returned to the top spot in the commercial automobile insurance marketplace as of April of this year. In our last look at the state of this market, reflecting the latest CAR data from December 2016, Safety had claimed the number one spot from Commerce in the commercial auto insurance sphere.

By the fourth month of 2017, however, Commerce has returned to the top spot with a 17.07% market share. Aside from the top two commercial auto carriers, the following is a list of the total market share of the remaining commercial auto insurance carriers operating in the Commonwealth.

COMPANY	PREMIUMS	MARKET SHARE
1. COMMERCE	46,423,581	17.07%
2. SAFETY	44,066,849	16.21%
3. ARBELLA	30,606,484	11.26%
4. TRAVELERS	22,580,389	8.30%
5. PLYMOUTH ROCK	17,572,197	6.46%
6. LIBERTY MUTUAL INS	12,552,066	4.62%
7. HANOVER	11,150,266	4.10%
8. FIREMAN’S	10,528,725	3.87%
9. PROGRESSIVE	10,345,915	3.80%
10. TOKIO MARINE & NACHIDO	9,034,447	3.32%
11. NATIONAL GRANGE	5,138,503	1.89%
12. ZURICH	4,937,261	1.82%
13. TWIN CITY FIRE INS	4,829,764	1.78%
14. UTICA	4,513,732	1.66%
15. SELECTIVE INSURANCE	3,936,805	1.45%
16. GREAT AMERICAN	3,866,567	1.42%
17. HARLEYSVILLE INS	2,910,812	1.07%
18. FARM FAMILY	2,733,674	1.01%
19. AMERICAN CASUALTY	2,630,595	0.97%
20. EMPLOYERS MUTUAL	2,256,242	0.83%
21. NEW HAMPSHIRE	2,063,341	0.76%
22. FEDERAL	2,023,408	0.74%
23. N&D MUTUAL	1,709,896	0.63%
24. MERCH MUTUAL	1,634,106	0.60%
25. QUINCY MUTUAL	1,576,167	0.58%
26. US FIRE	1,406,921	0.52%
27. FEDERATED MUTUAL	1,095,183	0.40%
28. BANKERS	994,184	0.37%
29. CENTRAL MUTUAL INS	925,099	0.34%
30. MIDDLESEX INS CO	920,841	0.34%
31. MOTORISTS	913,318	0.34%
32. OLD REPUBLIC	622,420	0.23%
33. LANCER INSURANCE CO	422,470	0.16%
34. QBE	405,332	0.15%
35. ARCH INS	345,576	0.13%
36. STATE AUTO	293,110	0.11%
37. ATLANTIC SPECIALTY	285,986	0.11%
38. AMERICAN ALTERNATIVE	227,423	0.08%
39. GREENWICH INS	202,711	0.07%
40. STARR INDEMNITY	195,225	0.07%
41. NEW YORK AND GENERAL INS	193,022	0.07%
42. GUIDE ONE MUTUAL	114,746	0.04%
43. AMICA MUTUAL	106,015	0.04%
44. SOMPO JAPAN INS	97,521	0.04%
45. CHURCH MUTUAL	87,111	0.03%
46. ARGONAUT INSURANCE COMPANY	66,922	0.02%
47. AMERICAN AUTOMOBILE	59,060	0.02%

Graphs from April 2017, April 2012 and April 2007 show how the market has changed over the past decade

The following charts list the total market share for the majority of commercial auto insurance writers in Massachusetts as of April 2017, followed by the top ten writers by market share five years ago as of April 2012, and then finally, a decade ago, as of April 2007.

These graphs are provided for those interested in seeing how the Massachusetts commercial automobile insurance market has evolved over the last ten years.