Ivans, a division of Applied Systems, has released the results for the second quarter Ivans Index, indicating a year over year decrease in premium renewal rates for almost all major commercial lines.
Workers’ Compensation was the exception as it experienced a slight increase in the same period.
By line of business, Commercial Auto’s premium renewal rate averaged 4.93%, a decrease compared to Q1 2026’s average premium renewal rate of 5.28%.
Q2 began in April with the highest rate change of the quarter, averaging 5.24%, and ended with its lowest rate of the quarter in June, averaging 4.58%.
Business Owner’s Policy (BOP) premium renewal rate change was down slightly, averaging 6.16% in Q2 2026, decreasing from 6.74% seen in Q1 2026. BOP experienced a quarter high in April at 6.43% and a low in June at 5.97%.
In Q2 2026 General Liability saw a decrease in premium renewal rate compared to Q1 2026, averaging 5.44% versus 6.85%. Premium renewal rate change in Q2 2026 experienced its highest rate change of 5.70% in April and its lowest rate change in May, averaging 5.28%.
Premium renewal rate for Commercial Property averaged 6.40% in Q2 2026, dropping from the Q1 2026 average of 6.83%. The rate peaked in May at 6.71%, whereas April and June recorded the quarter’s lowest rate at 6.24%.
The average premium renewal rate change for Umbrella also experienced a significant decrease during Q2 2026 at 7.96% from the 9.36% seen in Q1 2026. April saw the quarter’s highest rate change at an average of 8.27%, while June ended the quarter at its lowest average of 7.60%.
Workers’ Compensation premium renewal rate change averaged -1.37% in Q2 2026, up from Q1 2026 at -1.73%. Premium renewal rate change in Q2 2026 experienced its highest rate change in May, averaging -1.31%, and reached its lowest rate change of -1.45% in June.
“Renewal rates across most commercial lines continued to soften in the second quarter, extending a trend we’ve seen build over the past year,” said Michael Streit, president, Applied Systems Carrier. “The Ivans Index gives agents, brokers and carriers a consistent, data-driven view of these shifts as they plan for the remainder of the year.”
The monthly Ivans Index reports data-driven trends in premium rate renewal change for the most placed commercial insurance lines.
Analysing over 120 million data transactions from more than 38,000 agencies and 700 carriers/MGAs, it measures the year-over-year premium difference for a single consistent policy, reflecting the US insurance market trends.
