Filed Under:Markets, Commercial Lines

Best Commercial Carriers by Key Factors

PC360, in partnership with Flaspöhler Research Group, surveyed 407 independent producers about insurer utilization, performance, perceptions of insurers and related topics.

A core component of the 2012 Producer Survey is the rating of carriers on the factors most important to producers. Producers were asked to rate only carriers with which they were familiar and only on factors that were important to them—therefore providing highly accurate data.

The factors were ranked by their importance to producers on a nine-point scale. The “Factor Importance” indication shows how each factor ranks in producers’ assessment of a carrier.

Click “next” to see the highest-rated carrier for each factor (presented in order of Factor Importance ranking) and other top-rated carriers shown in alphabetical order).

For more results of the 2012 Producer Survey, read the Top 10 Commercial Carriers (by Vote), Top 10 Commercial Carriers (by Rating), and Best Commercial Carriers by Line of Business.

Click here to see the full results of the Producer Survey as presented in the pages of National Underwriter Property & Casualty (opens a new browser window).

UNDERWRITING PROCESS

Factor importance (on a 9-point scale): 8.5

Highest-rated: Cincinnati

Other top-rated (alphabetically):

  • Chubb
  • The Hartford
  • RLI
  • Travelers
  • Westfield

RESPONSIVE SERVICE

Factor importance: 8.5

Highest-rated: Cincinnati

Other top-rated:

  • Chubb
  • The Hartford
  • Progressive
  • Travelers

CLAIMS HANDLING

Factor importance: 8.4

Highest-rated: Cincinnati

Other top-rated:

  • Chubb
  • The Hartford
  • Progressive
  • Travelers

PARTNERSHIP

Factor importance: 8.2

Highest-rated: Cincinnati

Other top-rated:

  • Chubb
  • Selective
  • Travelers
  • Westfield

PRODUCTS AND COVERAGES

Factor importance: 8.2

Highest-rated: Chubb

Other top-rated:

  • Cincinnati
  • The Hartford
  • Philadelphia
  • Travelers

FINANCIAL SECURITY

Factor importance: 7.9

Highest-rated: Chubb

Other top-rated:

  • Berkshire Hathaway
  • Cincinnati
  • Liberty Mutual
  • Travelers

BRAND-REPUTATION

Factor importance: 7.7

Highest-rated: Travelers

Other top-rated:

  • Chubb
  • The Hartford
  • Liberty Mutual
  • Progressive

TECHNOLOGY SUPPORT

Factor importance: 7.6

Highest-rated: Progressive

Other top-rated:

  • The Hartford
  • Selective
  • Travelers
  • Zurich

RISK MANAGEMENT & LOSS CONTROL PROGRAMS

Factor importance: 7.3

Highest-rated: Liberty Mutual

Other top-rated:

  • Chubb
  • Cincinnati
  • The Hartford
  • Travelers

COMPENSATION PROGRAM

Factor importance: 7.1

Highest-rated: Cincinnati

Other top-rated:

  • Hanover
  • Selective
  • Travelers
  • Westfield

GLOBAL ACCOUNT NEEDS

Factor Importance: 4.8

Highest-rated: Lloyd’s

Other top-rated:

  • Ace
  • Chartis
  • Chubb
  • Travelers

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