MA Market Share Report 2019: The Top 20 Writers of Commercial Auto Insurance

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: