IVANS®, a division of Applied Systems®, today announced the April 2021 results of the IVANS Index™, the insurance industry’s premium renewal rate index. Year over year, all lines of business experienced an increase in average premium renewal rate, except Workers’ Compensation which stayed negative. Month over month, premium renewal rates for lines of business including… Continue reading Average Renewal Rates Experience Uptick Across Nearly All Major Commercial Lines
Tag: BOP
Average Premium Renewal Rates Continue to Increase Year Over Year Across Most Major Commercial Lines
IVANS®, a division of Applied Systems®, today announced the Q2 2020 results of the IVANS Index™, the insurance industry’s premium renewal rate index. Q2 results showed an increase in premium renewal rate change average across nearly all major commercial lines of business, including Commercial Auto, Business Owner’s Policy, General Liability, Umbrella, and Commercial Property compared… Continue reading Average Premium Renewal Rates Continue to Increase Year Over Year Across Most Major Commercial Lines
Average Renewal Rates Experience Downward Turn Across All Major Commercial Lines Month Over Month
IVANS®, a division of Applied Systems®, today announced the May results of the IVANS Index™, the insurance industry’s premium renewal rate index. Year over year, all lines of business saw an increase in average premium renewal rate, except Workers’ Compensation, which experienced a negative change in premium. Month over month, May premium renewal rates decreased… Continue reading Average Renewal Rates Experience Downward Turn Across All Major Commercial Lines Month Over Month
Average April Renewal Rates Experience Uptick Across Nearly All Major Commercial Lines
IVANS®, a division of Applied Systems®, today announced the April results of the IVANS Index™, the insurance industry’s premium renewal rate index. Year over year, all lines of business experienced an increase in average premium renewal rate, except Workers’ Compensation, which saw a decrease in premium. Month over month, April premium renewal rates experienced a… Continue reading Average April Renewal Rates Experience Uptick Across Nearly All Major Commercial Lines
Average Commercial Premium Renewal Rates Experience Positive Changes Month to Month: IVANS
IVANS®, a division of Applied Systems®, announced the Q1 2020 results of the IVANS Index™, the insurance industry’s premium renewal rate index. Q1 results showed an increase premium renewal rate change average across nearly all major commercial lines of business, including Commercial Auto, Business Owner’s Policy, General Liability, Umbrella, and Commercial Property compared to Q4;… Continue reading Average Commercial Premium Renewal Rates Experience Positive Changes Month to Month: IVANS
Average Premium Renewal Rates Up Month-to-Month Across Most Major Commercial Lines
IVANS®, a division of Applied Systems®, today announced the February results of the IVANS Index™, the insurance industry’s premium renewal rate index. Year over year, nearly all lines of business experienced an increase in average premium renewal rate, except Workers’ Compensation, which maintained its negative trend. Month over month, February saw the greatest average premium… Continue reading Average Premium Renewal Rates Up Month-to-Month Across Most Major Commercial Lines
Average Renewal Rates Change Month to Month Across Most Major Commercial Lines
IVANS®, a division of Applied Systems®, today announced the January results of the IVANS Index™, the insurance industry’s premium renewal rate index. Year over year, nearly all lines of business experienced an increase in average premium renewal rate, except Workers’ Compensation, which saw a negative turn. Month over month, January premium renewal rates experienced variable… Continue reading Average Renewal Rates Change Month to Month Across Most Major Commercial Lines
Insurance Renewals Experience Uptick Across Nearly All Major Commercial Lines Products
IVANS®, a division of Applied Systems®, today announced the results for Q4 and year-end 2019 IVANS Index™, the insurance industry’s premium renewal rate index. Q4 results showed an increase premium renewal rate change average across Commercial Auto, Business Owner’s Policy, General Liability, Umbrella, and Commercial Property compared to Q3; however, Workers’ Compensation average premium renewal… Continue reading Insurance Renewals Experience Uptick Across Nearly All Major Commercial Lines Products
Premium Renewal Rates Continue Upward Trend Across Half of Commercial Products
IVANS®, a division of Applied Systems®, today announced the October results of the IVANS Index™, the insurance industry’s premium renewal rate index. Year over year, all lines of business, except Workers’ Compensation, experienced an increase in average premium renewal rate. Month over month, October experienced an uptick in premium renewal rate change across half of… Continue reading Premium Renewal Rates Continue Upward Trend Across Half of Commercial Products
The Hartford Reinvents the Small Business Owner’s Policy
The Hartford has launched the next generation of its industry-leading Spectrum® Business Owner’s Policy (BOP) that delivers tailored insurance coverage recommendations, real-time, transparent pricing and simplified coverage explanations. “This is more than just a product release,” said Stephanie Bush, head of Small Commercial and Personal Lines at The Hartford. “Agents have told us that our… Continue reading The Hartford Reinvents the Small Business Owner’s Policy