Of the $765 billion in total premium written in the US in 2021, personal lines accounted for approximately 50% to the total premiums, commercial lines accounted for just over 38%, and the remaining 12% was “unclassified” coverage that cannot be easily categorized as either personal or commercial lines.
IAs showed total dominance in commercial lines distribution, placing nearly 88% of all commercial lines written premium, according to the Market Share Report. In personal lines, IAs placed 37% of written premium, and in the “unclassified” business, IAs placed 85% of written premium.
“We own commercial lines,” Boggs told Insurance Business. “And