| Directors and Officers Insurance, 2013-2022 (1) |
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|
| Year |
Direct premiums written (2) |
Annual percent change |
Direct losses incurred |
Direct incurred loss ratio |
| 2013 |
$6,012 |
5.9% |
$2,947 |
50.0% |
| 2014 |
6,432 |
7.0 |
3,112 |
49.3 |
| 2015 |
6,429 |
(3) |
3,690 |
57.5 |
| 2016 |
6,435 |
0.1 |
3,542 |
55.7 |
| 2017 |
6,457 |
0.3 |
3,990 |
62.4 |
| 2018 |
6,391 |
-1.0 |
3,938 |
62.8 |
| 2019 |
7,650 |
19.7 |
4,132 |
60.0 |
| 2020 |
10,780 |
40.9 |
5,446 |
60.9 |
| 2021 |
14,931 |
38.5 |
7,055 |
54.7 |
| 2022 |
13,552 |
-9.2 |
8,466 |
58.5 |
(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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