The data template asks insurers to submit ZIP code level data on over 70 total data points including premiums, policies, claims, losses, limits, deductibles, non-renewals and coverage types. Credit: garrykillian/Stock.adobe.com
State insurance regulators are issuing a multistate data call in coordination with the National Association of Insurance Commissioners (NAIC) seeking to collect and analyze data on at least 80% of the U.S. property insurance market. The data will help state regulators to better understand the market at a state and local level, and will be kept confidential.
The Property & Casualty Market Intelligence Data Call (PCMI) aims to gather information from 2018-2022 from over 400 property insurers operating throughout the country. A letter was sent to companies on March 8th, 2024, and the data is due by June 6th, 2024. The PCMI data call was developed by state regulators under the coordination of NAIC's Property and Casualty Insurance Committee.
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