During 2021, commercial auto insurance racked up more than $52 billion in direct premiums written, and some $50 billion in direct premium earned, according to data from the National Association of Insurance Commissioners (NAIC). Overall, commercial insurance prices were up more than 7% during the final quarter of 2021, according to Willis Towers Watson, which reported nearly all commercial lines saw significant price increases during the period. "The aggregate price increases continue to be strong in the fourth quarter, though for some lines the price increases have tempered to a level similar to 2019," Yi Jing, director, insurance consulting and technology, WTW, said in a release. The above slideshow highlights the top 10 commercial auto insurance companies based on 2021 market share, according to NAIC data, while the below list reveals the companies that ranked 11-25.
- Chubb
- The Hartford
- AIG
- American Financial
- State Farm
- Cincinnati Financial
- Farmers Insurance
- Tokio Marine Holdings Inc.
- Selective Insurance
- Sentry Insurance
- Erie Insurance
- Markel Corp.
- Fairfax Financial
- Acuity
- CNA Insurance
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