| Independent agents continue to hold a large piece of the commercial market at 84.5%, according to the 2020 Market Share Report. The report is now available to download. The report's data is from A.M. Best and analysis has been completed by the Big “I." This year's report marks the 25th year in which A.M. Best Company has provided the Big “I" with year-end industry market share data to provide an updated assessment of the state of the independent agency system. The 2020 report reflects analysis of data for select property-casualty premiums by line for the years 2017-2019, including personal auto, commercial auto, homeowners, commercial multi-peril, commercial group and workers compensation. Accident and health premiums were not included in the report. 2017 to 2019 saw a 4.7% overall increase in direct written premium (DWP) across all lines reviewed. Notably, commercial auto showed an increase of 11.4% in DWP, while worker's compensation reported a loss of 3% in DWP. Over the last three study cycles (2016 to 2019) no notable gains or losses were indicated in any of the data by distribution channel. Independent agency companies wrote 35.7% of all personal lines in 2019, up 2.3% from 2017. Direct response carriers' share grew by nearly 4%, while captive carriers lost 4%. Download your copy of the report. Direct any questions regarding the report to Madelyn Flannagan, Big "I" vice president of agent development, research and education.
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