Continuing with our top ten lists, and in light of our bi-monthly look at the latest CAR Data, the next installment of our Massachusetts Market Share Report for 2019 focuses on the commercial auto insurance marketplace. As just a reminder, all of our information comes courtesy of the Division of Insurance and includes data from 2017, the last year for which complete information is available.
Seventy-nine (79) commercial auto insurers stopped writing this line of insurance in Massachusetts from 2016 to 2017
There were 270 insurers writing commercial auto insurance in 2016. In 2017, however, the Division of Insurance notes that only 191 companies wrote this line of insurance in 2017.
This is the one of the few lines of business dominated by Massachusetts-based insurers
Similar to the private passenger and homeowner’s marketplace, commercial auto is part of the big three – the major lines of insurance dominated by Massachusetts-based insurers. In fact, looking at the chart below, all of the top five writers in this line are Massachusetts-based entities.
Premium and market share for this line of business
Some more data that you might find useful in understanding the commercial auto insurance marketplace:
- The Total Direct Written Premium for all 191 insurers in 2017 was $855,021,922
- The top 20 insurers enjoy a 67.7% share of the marketplace
- Total Direct Written Premium for the top 20 writers totaled $578,620,204 in 2017
- The remaining 171 companies claimed Total Direct Written Premium of $276,401,718 representing a 32.3% market share
The complete list of the top 20 insurers in this marketplace…
| Company Name | State | Premium Written/MA | Market Share/MA |
| 1. Commerce/MAPFRE Insurance | MA | $117,169,391 | 13.70 |
| 2. Safety Ins Co | MA | $85,460,044 | 10.00 |
| 3. Arbella Protection Ins Co | MA | $80,500,003 | 9.41 |
| 4. Pilgrim Ins Co | MA | $53,249,474 | 6.23 |
| 5. Safety Ind Ins Co | MA | $36,573,424 | 4.28% |
| 6. Philadelphia Ind Ins Co | PA | $31,640,015 | 3.70% |
| 7. Allmerica Fin Benefit Ins Co | MI | $16,872,164 | 1.97% |
| 8. Travelers Cas Ins Co of Amer | CT | $14,946,903 | 1.75% |
| 9. Progressive Cas Ins Co | OH | $14,871,053 | 1.74% |
| 10. Acadia Ins Co | NH | $14,350,556 | 1.68% |
| 11. Liberty Mutual Fire Ins Co | WI | $14,021,211 | 1.64% |
| 12. NGM Ins Co | FL | $13,279,740 | 1.55% |
| 13. Zurich Amer Ins Co | NY | $12,924,463 | 1.51% |
| 14. Citation Ins Co | MA | $12,113,259 | 1.42% |
| 15. Charter Oak Fire Ins Co | CT | $11,938,009 | 1.40% |
| 16. Travelers Ind Co | CT | $11,103,393 | 1.30% |
| 17. National Interstate Ins Co | OH | $10,705,039 | 1.25% |
| 18. Ohio Security Ins Co | NH | $9,314,089 | 1.09% |
| 19. Travelers Prop Cas Co Of Amer | CT | $8,949,506 | 1.05% |
| 20. Union Ins Co | IA | $8,638,468 | 1.01% |
Other useful information about the Commercial Auto Insurance marketplace in Massachusetts
In addition to publishing the yearly market share data, Agency Checklists also published a report on the Top 25 Commercial Auto Insurers nationally. Additionally, Agency Checklists also publishes a bi-monthly update on the latest CAR data. The links to our most recent reports are provided below:
- NAIC 2019 Market Share Report: The Top 25 Commercial Auto Insurance Companies In The U.S.
- 1st Look 2019 – The Commercial Auto Insurance Marketplace In Massachusetts
- 2nd Look 2019: The Commercial Auto Insurance Marketplace in Massachusetts
Links to other 2019 Massachusetts Market Share Reports
- The Top 20 Writers of Aircraft (All Perils) Insurance In Massachusetts
- The Top 20 Writers of Ocean & Inland Marine Insurance In Massachusetts
- The Top 20 Writers of Fire Insurance In Massachusetts
- The Top 20 Writers of Life Insurance In Massachusetts
- The Top 20 Writers of Annuities Insurance In Massachusetts
- The Top 20 Workers Compensation Insurers In Massachusetts
- The Top 20 Writers of Fidelity & Surety Insurance in Massachusetts
- The Top 20 Writers of Homeowners’ Multi-Peril Insurance in Massachusetts
- The Top 20 Writers of Private Passenger Auto Insurance in Massachusetts