Ranking Private Passenger Auto Insurers by Market Share
In an assessment of how distribution trends reflect an increase in online sales, A.M. Best highlights continuing market consolidation.
INN Breaking News, September 18, 2013
As online auto insurance shopping becomes more popular, direct response service among auto carriers has nearly doubled in the last 15 years. And, 28 percent of auto market direct premiums written for private passengers uses direct channels, 31 percent uses agencies and 40 percent goes the exclusive/captive agent route, according to a new report from A.M. Best, titled “Distribution Trends Continue to Shift in the Private Passenger Automobile Market.”
All Insurance Networking News articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, podcasts, e-books, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders and developing trends.