| Directors and Officers Insurance, 2014-2023 (1) |
($000)
|
| Year |
Direct premiums written (2) |
Annual percent change |
Direct losses incurred |
Direct incurred loss ratio |
| 2014 |
6,011,507 |
7.0% |
2,946,624 |
49.3% |
| 2015 |
6,431,789 |
0.0 |
3,111,923 |
57.5 |
| 2016 |
6,429,310 |
0.1 |
3,690,204 |
55.7 |
| 2017 |
6,434,858 |
0.3 |
3,542,336 |
62.4 |
| 2018 |
6,456,990 |
-1.0 |
3,990,125 |
62.8 |
| 2019 |
6,390,730 |
19.7 |
3,938,349 |
60.0 |
| 2020 |
7,649,716 |
40.9 |
4,131,819 |
60.9 |
| 2021 |
10,779,884 |
38.5 |
5,445,959 |
54.7 |
| 2022 |
14,930,820 |
-9.1 |
7,055,051 |
58.5 |
| 2023 |
13,565,951 |
-15.1 |
8,481,879 |
50.7 |
(1) Includes property/casualty insurers that provided monoline directors and officers policies. The coverage may also be purchased as part of a package commercial multiperil policy. Does not include directors and officers policies sold as part of a package commercial multiperil policy. The directors and officers portion of commercial multiperil policies does not represent a material amount of industry directors and officers premiums written.
(2) Before reinsurance transactions.
(3) Less than 0.1 percent.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute. |
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