Directors and Officers Insurance, 2013-2022 (1)

($000)

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.