Milwaukee, WI., April 22, 2025 (GLOBE NEWSWIRE) — Ivans® today announced the results for Q1 2025 Ivans Index™, the insurance industry’s premium renewal rate index. The first quarter results of 2025 showed premium renewal rate change for all major commercial lines of business except Workers’ Compensation are up year over year. Q1 2025 experienced a decrease in average premium renewal rate change across nearly all major commercial lines compared to Q4 2024, with the exception of Umbrella, which increased.
Premium renewal rate change by line of business for Q1 2025 highlights include:
- Commercial Auto: Q1 2025 average premium renewal rate decreased from last quarter, averaging 9.24% compared to Q4 2024’s average premium renewal rate of 9.82%. The quarter reached its highest premium renewal rate change in February, averaging 9.53% and ended with its lowest rate of 8.78% in March.
- BOP: BOP premium renewal rate decreased in Q1 2025 with an average of 8.56% versus 9.09% in Q4 2024. The quarter began with its highest rate change in January, averaging 9.02%, and reached its lowest rate in March, averaging 8.19%.
- General Liability: First quarter 2025 premium renewal rate experienced a slight decrease compared to Q4 2024, averaging …