Premium renewal rates increase for Commercial Auto, BOP, General Liability, Commercial Property, and Umbrella, but decrease for Workers’ Compensation

From GlobeNewswire: 2025-03-04 09:00:00

Ivans® reported that premium renewal rates for Commercial Auto, BOP, General Liability, Commercial Property, and Umbrella increased year over year, while Workers’ Compensation rates decreased. In February 2025, Commercial Auto saw a slight increase, while all other major commercial lines experienced lower rates. The Ivans Index is a monthly report analyzing over 120 million data transactions in the insurance industry.

The February 2025 Ivans Index revealed specific changes in premium renewal rates by line of business. Commercial Auto increased to 9.53%, BOP decreased to 8.48%, General Liability fell to 3.95%, Commercial Property dropped to 8.34%, Umbrella decreased to 9.03%, and Workers’ Compensation decreased to -1.55%. The Index provides valuable insights for agencies and insurers in the U.S. market.

Ivans Index is a data-driven report reflecting current premium rate trends in the insurance industry. It measures year-over-year premium differences for consistent policies, based on over 38,000 agencies and 700 carriers and MGAs. The Index helps agencies and insurers understand market trends and make informed decisions. The complete Q4 2024 Ivans Index report can be downloaded from the Ivans website.

Ivans is a platform where insurance carriers, agents, and MGAs collaborate to grow their businesses. With technology that streamlines processes for determining eligibility, generating quotes, handling claims and commissions, and communicating policy data, professionals can drive new business opportunities. Ivans aims to simplify workflows and increase revenue for insurance professionals.



Read more at GlobeNewswire: Ivans Index February 2025 Results Released