Ivans Index February 2025 Results
Ivans, operating as a division of Applied Systems, has unveiled the February 2025 results of its Ivans Index, highlighting significant trends in average premium renewal rates across major commercial insurance lines. Notably, the data reveals a month-over-month decline in most lines, with the exception of Commercial Auto. When compared year over year, Commercial Auto, Business Owners Policy (BOP), General Liability, Commercial Property, and Umbrella policies have experienced increases in average premium renewal rates. In contrast, Workers’ Compensation displayed a decrease.
For February 2025, the renewal rate change for Commercial Auto averaged 9.53%, an uptick from 9.41% recorded in January. BOP showed an average of 8.48%, which is a reduction from January’s 9.02%. General Liability reflected a monthly average of 3.95%, slightly down from 4.19% the previous month. The renewal rate for Commercial Property was 8.34%, a notable drop from January’s 9.74%. In the case of Umbrella policies, the rate declined to 9.03% from 9.47% in January. Lastly, Workers’ Compensation saw a renewal rate change of -1.55%, a further dip from the previous month’s -1.44%.
