From GlobeNewswire: 2024-05-09 09:00:00

Ivans announced the results of the Ivans Index for April 2024, showing premium renewal rates increasing year over year for Commercial Auto, BOP, General Liability, Commercial Property, and Umbrella, with Workers’ Compensation rates decreasing. Umbrella saw a significant increase in premium renewal rates. The data is based on over 120 million transactions.

In April 2024, premium renewal rates by line of business changed: Commercial Auto – 8.17%, BOP – 7.94%, General Liability – 4.77%, Commercial Property – 9.96%, Umbrella – 9.52%, and Workers’ Compensation -2.16%. The Ivans Index analyzes data from 38,000 agencies and 600 insurers across the U.S. insurance market to provide insights on premium rate trends.

Ivans Index is a monthly report on premium renewal rate change in the insurance industry, based on data from millions of transactions. The report reflects trends experienced by agencies and insurers nationwide and is available through Market Insights on Ivans’ website. Download the complete Q1 Ivans Index report for more detailed information on premium rate changes.



Read more at GlobeNewswire: Ivans Index April 2024 Results Released