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 June 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 maintains its place at the top of the list

Commerce continues to claim the top spot in the commercial automobile insurance marketplace at the mid-year mark in 2017. In 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 returned to the top spot and continues to hold it with an albeit slight market share lead over Safety. As of June 2017, Commerce had a 16.58% market share with 67,988,122 premiums, while second-place Safety had a 16.17% market share with 66,283,932 premiums. 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	67,988,122	16.58%
2. SAFETY	66,283,932	16.17%
3. ARBELLA	46,497,120	11.34%
4. TRAVELERS	31,551,015	7.70%
5. PLYMOUTH ROCK	28,578,340	6.97%
6. LIBERTY MUTUAL INS	19,788,290	4.83%
7. HANOVER	15,313,990	3.74%
8. FIREMAN’S	15,262,000	3.72%
9. PROGRESSIVE	14,550,479	3.55%
10. TOKIO MARINE & NACHIDO	12,957,619	3.16%
11. GREAT AMERICAN	7,679,178	1.87%
12. ZURICH	7,620,156	1.86%
13. NATIONAL GRANGE	7,245,921	1.77%
14. UTICA	6,676,770	1.63%
15. TWIN CITY FIRE INS	6,296,563	1.54%
16. SELECTIVE INSURANCE	6,273,065	1.53%
17. AMERICAN CASUALTY	4,390,967	1.07%
18. HARLEYSVILLE INS	4,023,311	0.98%
19. FARM FAMLY	3,627,726	0.88%
20. EMPLOYERS MUTUAL	3,335,958	0.81%
21. FEDERAL	3,090,011	0.75%
22. NEW HAMPSHIRE	2,886,622	0.70%
23. N&D MUTUAL	2,540,828	0.62%
24. FEDERATED MUTUAL	2,336,743	0.57%
25. MERCH MUTUAL	2,319,342	0.57%
26. BANKERS	2,271,564	0.55%
27. QUINCY MUTUAL	2,242,231	0.55%
28. US FIRE	2,183,636	0.53%
29. OLD REPUBLIC	1,906,875	0.47%
30. MIDDLESEX INS CO	1,491,877	0.36%
31. MOTORISTS	1,330,226	0.32%
32. CENTRAL MUTUAL INS	1,313,330	0.32%
33. LANCER INSURANCE CO.	1,020,603	0.25%
34. ARCH INS	802,576	0.20%
35. QBE	717,475	0.17%
36. ATLANTIC SPECIALTY	596,593	0.15%
37. STATE AUTO	501,445	0.12%
38. AMERICAN FAMILY HOME INS	365,117	0.09%
39. AMERICAN ALTERNATIVE	346,539	0.08%
40. GREENWICH INS	327,982	0.08%
41. STARR INDEMNITY	293,504	0.07%
42. STARSTONE NATIONAL	282,472	0.07%
43. PENN MNFCT ASSC INS	251,921	0.06%
44. SOMPO JAPAN INS	240,884	0.06%
45. MITSUI SUMITOMO	234,476	0.06%
46. NEW YORK AND GENERAL INS	231,202	0.06%
47. PROTECTIVE INS	226,070	0.06%
48. CHURCH MUTUAL	203,063	0.05%
48. GUIDE ONE MUTUAL	202,336	0.05%
48. AMERICAN AUTOMOBILE	195,669	0.05%
48. ALLIED WORLD SPECIALTY	184,183	0.04%

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 June 2017, followed by the top ten writers by market share five years ago as of June 2012, and then finally, a decade ago, as of June 2007.

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