Premium volume estimates for Management Liability policies

In The Betterley Report, I try to estimate the written premium for the line I am covering; for our Private Company Management Liability Report, I have a challenge making an estimate, as many carriers keep the premiums by line, not by the bundled policy.

I had several readers ask me to try harder, so I have.  Recently, I asked the participating carriers directly for their estimate of the market size; I received numerous answers.  Here are the ones that I thought were most useful:

  • $2 billion (this is from 2 major carriers + 1 reinsurer)
  • $2.5 billion (from 2 carriers)

I believe about 1/2 of this premium is written by the 4 largest writers of MLI products.

So, there you have our estimate – $2-2.5 billion in gross written premium for U.S.-based Private Company Management Liability products.  I’d be interested in your estimates (or comments).

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s