Month over month, Commercial Auto, BOP, Umbrella and Workers’ Compensation experienced increases in premium renewal rate change, while General Liability and Commercial Property saw a decrease.
Tag: IVANS
Commercial Renewal Rates Up Month Over Month
The third quarter results of 2023 showed premium renewal rate change for all major commercial lines of business, except Workers’ Compensation, are up year over year. Q3 experienced an increase in average premium renewal rate change across all major commercial lines.
Hard Market Rates Continue with Average Premium Renewal Rates Up for Most Major Commercial Lines
Year over year, Commercial Auto, BOP, General Liability, Commercial Property and Umbrella experienced increasing average premium renewal rates, while premium renewal rates decreased for Workers’ Compensation.
Average Commercial Lines Renewal Rates Up Y-O-Y
IVAN’s first quarter results of 2023 showed premium renewal rate change for all major commercial lines of business except Workers’ Compensation are up year over year.
All Commercial Lines of Business Up YOY: Ivans
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.
Majority of Commercial Lines of Business Remain Up Year Over Year: IVANS
IVANS® today announced the February 2022 results of the IVANS Index™, the insurance industry’s premium renewal rate index. Year over year, nearly all lines of business, except Workers’ Compensation, experienced an increase in average premium renewal rate. Month over month, premium renewal rates increased for lines of business including Business Owners’ Policy (BOP) and Workers’… Continue reading Majority of Commercial Lines of Business Remain Up Year Over Year: IVANS
Year-Over-Year Average Premium Renewal Rates Remain Positive for Majority of Commercial Lines
IVANS® today announced the November 2021 results of the IVANS Index™, the insurance industry’s premium renewal rate index. Year over year, nearly all lines of business, except Workers’ Compensation, experienced an uptick in average premium renewal rate. Month over month, premium renewal rates increased for lines of business including Commercial Auto, Business Owners’ Policy (BOP),… Continue reading Year-Over-Year Average Premium Renewal Rates Remain Positive for Majority of Commercial Lines
Month-Over-Month Average Renewal Premium Rates for Some Lines Are Up
IVANS® today announced the October 2021 results of the IVANS Index™, the insurance industry’s premium renewal rate index. Year over year, nearly all lines of business, except Workers’ Compensation, experienced an increase in average premium renewal rate. Month over month, premium renewal rates rose for lines of business including Business Owner’s Policy (BOP), Commercial Property,… Continue reading Month-Over-Month Average Renewal Premium Rates for Some Lines Are Up
IVANS Acquires Ask Kodiak to Accelerate Commercial Lines Digital Distribution
IVANS announced that it has acquired Ask Kodiak, a pioneering Insurtech offering commercial lines market appetite and search capabilities for the independent agency channel. This acquisition will further enhance IVANS’ robust commercial lines connectivity solutions, specifically IVANS Distribution Platform, to create a more valuable and digital distribution experience at each stage of the insurance lifecycle… Continue reading IVANS Acquires Ask Kodiak to Accelerate Commercial Lines Digital Distribution
Year Over Year Average Commercial Renewal Rates Up: IVANS
IVANS®, a division of Applied Systems®, today announced the May 2021 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 remained negative. Month over month, premium renewal rates for lines of business… Continue reading Year Over Year Average Commercial Renewal Rates Up: IVANS