IVANS®, a division of Applied Systems®, today announced the August results of the IVANS Index™, the insurance industry’s premium renewal rate index. Month over month, August experienced an uptick across nearly all of the commercial lines products, except Business Owners Policy which experienced a slight negative change. Year over year, all lines of business experienced… Continue reading Premium Renewal Rates Experience Upward Trend Across Nearly All Major Commercial Lines: IVANS
Tag: BOP
Renewal Rates Experience Year-Over-Year Increase Across Nearly All Major Commercial Lines Products
IVANS, a division of Applied Systems, announced the results for Q2 2019 IVANS Index, the insurance industry’s premium renewal rate index. Year over year, Commercial Auto, Business Owner’s Policy, General Liability, Umbrella and Commercial Property all experienced increases in average premium renewal rate change; Workers’ Compensation remains in negative territory. Quarter over quarter, there was… Continue reading Renewal Rates Experience Year-Over-Year Increase Across Nearly All Major Commercial Lines Products
Commercial Lines Renewals Experience Varied Rate Changes
IVANS®, a division of Applied Systems®, today announced the May results of the IVANS Index™, the insurance industry’s premium renewal rate index. The results showed varied change in premium renewal rates month over month with BOP, General Liability and Commercial Property experiencing an upward turn, and Commercial Auto, Umbrella and Workers’ Compensation experiencing a downtick… Continue reading Commercial Lines Renewals Experience Varied Rate Changes
Utica National Selects Verisk’s 360Value to Estimate Replacement Costs for Commercial Property and Businessowners Policies
Verisk, a leading data analytics provider, announced that the Utica National Insurance Group has selected 360Value® to estimate replacement costs for commercial property and businessowners policies. With 360Value, Utica National will be able to make insurance-to-value (ITV) decisions for underwriting and policy renewals with greater speed and precision. 360Value uses the same reconstruction cost data… Continue reading Utica National Selects Verisk’s 360Value to Estimate Replacement Costs for Commercial Property and Businessowners Policies
Progressive® Launches New Online Quoting Platform for Small Business Owners
Progressive, a leader in the insurance industry, introduces BusinessQuote Explorer® (BQX), a new, easy-to-use online quoting platform established to help small business owners get accurate insurance quotes tailored to their unique business needs. By simply entering information through the online platform, users will gain access to multiple business insurance quotes in an average of 11… Continue reading Progressive® Launches New Online Quoting Platform for Small Business Owners
Premium Renewal Rates Experience Changes Across All Major Commercial Lines of Business
IVANS®, a division of Applied Systems®, today announced the April results of the IVANS Index™, the insurance industry’s premium renewal rate index. Month over month, the results showed varied change in premium renewal rates, specifically, General Liability, Umbrella and Workers’ Compensation experienced an uptick in rate, and Commercial Auto, BOP and Commercial Property experienced a… Continue reading Premium Renewal Rates Experience Changes Across All Major Commercial Lines of Business
Zurich and CoverWallet Launch Online Platform for Small and Medium-Enterprise Insurance in Switzerland
Zurich Insurance Group, one of the largest global insurance companies, and CoverWallet, the tech company that is the easiest way to understand, buy, and manage business insurance online, today launched a platform for small and medium-enterprise (SME) insurance in Switzerland. The expansion marks the second European country where the online platform is available, building on… Continue reading Zurich and CoverWallet Launch Online Platform for Small and Medium-Enterprise Insurance in Switzerland
Hiscox USA Launches Barcode Campaign to Highlight How Small Businesses’ Unique Needs Deserve a True, Specialized Insurance Partner
Hiscox, the international specialist insurer, today announced the launch of its Barcode campaign, which expands its award-winning Encourage Courage® brand platform aimed at US small businesses. The campaign focuses on the importance of recognizing and supporting the unique needs, challenges and risks small business owners face, as to the untrained eye, small businesses, like barcodes,… Continue reading Hiscox USA Launches Barcode Campaign to Highlight How Small Businesses’ Unique Needs Deserve a True, Specialized Insurance Partner
Renewal Rates Experience Increase Across Nearly All Major Commercial Lines Products
IVANS, a division of Applied Systems, announced the results for Q1 2019 IVANS Index, the insurance industry’s premium renewal rate index. Q1 results showed an increase in premium renewal rate change average across Commercial Auto, Business Owner’s Policy, Umbrella, and Commercial Property compared to Q4; however, General Liability renewal rate change experienced a decrease and… Continue reading Renewal Rates Experience Increase Across Nearly All Major Commercial Lines Products
Direct Online Could Grow to 12% of Small Commercial Insurance Market by 2023
Over the past decade, selling small commercial insurance directly online to customers has gone from an outlandish idea to a reality. In a new report, Direct Online Small Commercial Insurance: 2019 Update, research and advisory firm Novarica discusses key issues affecting direct small commercial insurers, including a review of strategic options, and profiles 22 current… Continue reading Direct Online Could Grow to 12% of Small Commercial Insurance Market by 2023