According to the Big “I” 2022 Market Share Report, 62% of all property-casualty insurance written in the U.S. is placed through independent agencies.
NAIC market share data emphasizes the dominance of independent agencies in the commercial lines market by estimating that almost 88% of all commercial lines written premiums are placed by the independent agency channel.
According to Chris Boggs, Big “I” vice president of agent development, education, and research, “The demise of the independent agency channel has been predicted by various sources for many years, but the Market Share Report affirms the reality that independent agents have and continue to place the majority of all P&C business.” Independent agents, in particular, “continue to demonstrate their dominance in commercial lines.”
