Year over year, all lines of business experienced an increase in average premium renewal rate. Business Owners Policy (BOP) and Commercial Property remain the highest premium renewal rate increases year over year.
Tag: commercial lines increases
Average 2022 Renewal Rates Experience a General Uptick Across Most Major Commercial Lines Compared to 2021
Fourth-quarter results in the Ivans Index showed an increase in the average premium renewal rate change across all major commercial lines of business year over year, except Workers’ Compensation
Average Premium Renewal Rates Continue to Fluctuate Across Major Commercial Lines: IVANS
IVANS®, a division of Applied Systems®, today announced the January 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 saw a negative change in premium. Month over month, premium renewal rates for… Continue reading Average Premium Renewal Rates Continue to Fluctuate Across Major Commercial Lines: IVANS