Join PIA
PIA
Professional Insurance Agents
Members-only

Employees of PIA member agencies may log on below:

Remember me

Register for PIA website | Password help

2024 PIA Market Trends
Survey

A survey tracking PIA member perceptions of market conditions

As a professional, independent insurance agent, you deal with changing market cycles on an ongoing basis. Previously, you let us know how you perceived the industry was changing in regards to pricing, underwriting rules, and market availability. Is the market still changing? To assist us in getting an overall picture of what you are facing within your agency today, we would like to get your insight into how these issues are affecting your clients.

Take a moment now to complete the survey below.

1. Overall, new business premiums are what percentage of your business in each of the following lines:

Premiums

<5%

5-10%

11-15%

16-25%

26%+

Incr

Decr

No Change

Personal auto

Personal homeowners

Commercial property

Commercial liability

2. Overall, renewal premiums are:

Renewal premiums

<5%

5-10%

11-15%

16-25%

26%+

Incr

Decr

No change

Personal auto

Personal homeowners

Commercial property

Commercial liability

2a. Overall, what percentage of your business are you having to re-market?

<5%

5-10%

11-15%

16-25%

26%+

2b. Is this an increase or decrease over last year?

3. To what extent are underwriting guidelines becoming more strict?

Guidelines

Same

Minor

Moderate

Significant

Extreme

Personal auto

Personal homeowners

Commercial property

Commercial liability

4. To what extent are nonrenewals/cancellations occurring?

Occurrences

Same

Minor

Moderate

Significant

Extreme

Personal auto

Personal homeowners

Commercial property

Commercial liability

5. What percentage of your book of business is placed through wholesalers?

<5%

5-10%

11-15%

16-25%

26%+

5a. Is this an increase or decrease over last year?

6. In what ZIP code is your agency located?

7. What percentage of your carriers have used satellite or drone imagery in underwriting decisions, including nonrenewals or conditional renewals?

0-25%

26-50%

51-75%

76-100%

8. To what extent have your commission levels been impacted in the past 12 months?

Comments

1. Overall, new business premiums are:

Personal auto

<5%

5-10%

11-15%

16-25%

26%+

Incr

Decr

No Change

Personal homeowners

<5%

5-10%

11-15%

16-25%

26%+

Incr

Decr

No Change

Commercial property

<5%

5-10%

11-15%

16-25%

26%+

Incr

Decr

No Change

Commercial liability

<5%

5-10%

11-15%

16-25%

26%+

Incr

Decr

No Change

Fill in your specialized line

<5%

5-10%

11-15%

16-25%

26%+

Incr

Decr

No Change

2. Overall, renewal premiums are:

Personal auto

<5%

5-10%

11-15%

16-25%

26%+

Incr

Decr

No Change

Personal homeowners

<5%

5-10%

11-15%

16-25%

26%+

Incr

Decr

No Change

Commercial property

<5%

5-10%

11-15%

16-25%

26%+

Incr

Decr

No Change

Commercial liability

<5%

5-10%

11-15%

16-25%

26%+

Incr

Decr

No Change

Fill in your specialized line

<5%

5-10%

11-15%

16-25%

26%+

Incr

Decr

No Change

2a. Overall, what percentage of your business are you having to re-market?

<5%

5-10%

11-15%

16-25%

26%+

2b. Is this an increase or decrease over last year?

Increase

Decrease

3. To what extent are underwriting guidelines becoming more strict?

Personal auto

Same

Minor

Moderate

Significant

Extreme

Personal homeowners

Same

Minor

Moderate

Significant

Extreme

Commercial property

Same

Minor

Moderate

Significant

Extreme

Commercial liability

Same

Minor

Moderate

Significant

Extreme

Fill in your specialized line

Same

Minor

Moderate

Significant

Extreme

4. To what extent are nonrenewals/cancellations occurring?

Personal auto

Same

Minor

Moderate

Significant

Extreme

Personal homeowners

Same

Minor

Moderate

Significant

Extreme

Commercial property

Same

Minor

Moderate

Significant

Extreme

Commercial liability

Same

Minor

Moderate

Significant

Extreme

Fill in your specialized line

Same

Minor

Moderate

Significant

Extreme

5. What percentage of your book of business is placed through wholesalers?

<5%

5-10%

11-15%

16-25%

26%+

5a. Is this an increase or decrease over last year?

Increase

Decrease

6. In what ZIP code is your agency located?

7. What percentage of your carriers have used satellite or drone imagery in underwriting decisions, including nonrenewals or conditional renewals?

0-25%

26-50%

51-75%

76-100%

8. To what extent have your commission levels been impacted in the past 12 months?

Minor increase

Moderate increase

Major increase

Same
 

Comments