From GlobeNewswire: 2024-11-05 09:00:00

Ivans® released the October 2024 results of the Ivans Index™, showing increasing premium renewal rates for Commercial Auto, BOP, General Liability, Commercial Property, and Umbrella while Workers’ Compensation rates decreased. All major commercial lines had lower rates month over month. Commercial Auto saw a 9.62% rate, BOP 8.72%, General Liability 3.89%, Commercial Property 11.24%, Umbrella 8.49%, and Workers’ Compensation -1.43%. The Ivans Index, based on 120 million data transactions, measures year-over-year premium differences for consistent policies. It includes trends from over 38,000 agencies and 700 carriers and MGAs in the U.S. insurance market. The full Q3 Ivans Index report is available for download. The Ivans Index is a data-driven report on premium renewal rate changes for major commercial lines in the insurance industry. It analyzes trends from over 38,000 agencies and 700 carriers and MGAs based on more than 120 million data transactions. The report measures premium differences for consistent policies year over year. Ivans Index is available as part of Market Insights for agencies and insurers on markets.ivansinsurance.com. The Ivans logos are trademarks of Applied Systems, Inc. Ivans is a platform where insurance carriers, agents, and MGAs collaborate to grow their businesses. With technology connecting agents to over 700 carrier and MGA partners, Ivans helps determine eligibility, provide quotes, manage claims and commissions, communicate policy data, and drive new business opportunities. The platform aims to streamline processes for insurance professionals to increase revenue efficiently.



Read more at GlobeNewswire: Ivans Index October 2024 Results Released