Much like the homes and vehicles it protects, the personal linesinsurance marketplace will continue to evolve — but even astechnological advances threaten to radically transform the industryover time, personal lines will continue to play a major role inP&C insurance and generate a large share of premiums, at leastfor the foreseeable future.
And yes, that future includes independent agents, who maintain astrong presence in the Personal Auto arena despite reports over theyears inaccurately predicting their demise.
Insurance Information Institute President Robert Hartwig notesthat Homeowners' and Personal Auto insurance account for almost 50%of all industry premiums today. Auto alone makes up 37% of thegrand total.
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