Premium renewal
rates increased year
-over-year for all maj
or commercial lines ex
ept workers’ compensation, according to first-quarter 2025 results of the Ivans Index.
Compared to fourth-quarter 2024, all lines experienced a decr
ease in average premium renewal rates except umbrella.
Premium renewal rat
e change by line of business for April 2025 highlights include:
Commercial Auto: 8.4%, down from 8.8% the previous month.
BOP: 8%, down from
8.2% at the end of March.
General Liability: 4.3%
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, up from 3.7% in March.
Commercial Property: 7.7%, up slightly from 7.6% in March.
Umbrella: 9.4%, up f
rom 9.3% in March.
Workers’ Comp: -1.8
%, down from -1.5% the prior month.
Released monthly, Ivans Index is a data-driven report of current co
nditions and trends for premium rate renewal change of the most
placed commercial lines of business in the insurance industry
. Analyzing more than 120 million data transactions, th
Ivans Index premium renewal rate change measures the premium difference year over year for a single consistent policy. Inclusive of more than 38,000 agenc
ies and 700 carriers and MGAs, the Ivans Index is reflective of the premium rate change trends being experienced by all agencies and insurers across the U.S. insurance market.