World Insurance Associates LLC has announced the acquisition of Royalty Insurance Services, a Van Nuys, California-based agency with a longstanding focus on commercial trucking coverage.
The deal, which closed on January 1, strengthens World Insurance’s position in the transportation insurance sector. Financial details of the transaction were not disclosed.
With more than 20 years of experience, Royalty Insurance Services has built a reputation for delivering specialized insurance solutions tailored to the needs of trucking businesses, ranging from local fleets to long-haul operators.
Founded in 2011, World Insurance Associates has rapidly grown through strategic acquisitions, completing more than 200 deals to date. In 2024 alone, the firm executed 36 acquisitions, securing its spot among the Top 50 brokerages in the U.S. While this figure marks a decrease from previous years, it mirrors a broader slowdown in insurance industry M&A market, which saw a 10% decline in total deals compared to 2023.
World’s continued investment in the commercial trucking segment aligns with key trends shaping the insurance landscape in 2025.
One notable development is GEICO’s entry into the commercial trucking market, which is expected to increase competition and introduce more affordable premiums for owner-operators and small motor carriers. Industry observers anticipate this shift will help alleviate some of the financial strain faced by smaller trucking businesses.
Additionally, the growing adoption of telematics and data-driven underwriting is transforming how trucking insurance is priced. Insurers are increasingly utilizing real-time data on vehicle performance and driver behavior to offer usage-based policies. These models reward safe driving with lower premiums, reflecting a shift toward more personalized and performance-based insurance solutions.
