Most Commercial Insurance Renewal Rate Changes Remain Up: Ivans Index

With the exception of the workers' compensation line, premium renewal rate changes for all major commercial lines of business increased year over year

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which remained negative, according to the Ivans Index second quarter results

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The Index revealed that Q2 experienced an increase in average premium renewal rate change across commercial auto, business owner’s policy (BOP)

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The Ivans Index for this quarter continues to indicate fluctuations in the average premium renewal rate matching with other hard market macroeconomic developments

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said Kathy Hrach, vice president of Product Management, Ivans

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The annual premium change for a single consistent policy is measured by the Ivans Index premium renewal rate change

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