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Some auto insurers growing profitably despite tough market: Insuramore

October 11, 2022

According to Insuramore, a provider of marketing services focusing on the insurance sector, despite the auto (motor) insurance sector remaining a tough market, some challengers are growing profitably.

The firm’s recently published ranking for the market shows that its gross direct premiums written (GDPW ) rose to around $822.5 billion in 2021.

Progressive overtook State Farm becoming the world’s largest underwriting group in this sector, followed by China-based PICC in 3rd position, Berkshire Hathaway Insurance in 4th and Ping An in 5th.

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