Ivans, a division of Applied Systems, has released its February 2025 Ivans Index results, showing that average premium renewal rates were down month over month for most major commercial lines of business, except Commercial Auto.
Year over year, Commercial Auto, BOP, General Liability, Commercial Property, and Umbrella saw increasing average premium renewal rates, while Workers’ Compensation saw a decrease.
In February 2025, Commercial Auto’s renewal rate change averaged 9.53%, up from 9.41% in January.
For the month, BOP was 8.48%, down from 9.02% at the end of January.
General Liability averaged 3.95%, down from 4.19% the month prior.
Commercial Property was 8.34%, significantly lower than 9.74% in January.
Umbrella declined to 9.03%, from 9.47% in January.
Workers’ Compensation renewal rate change was -1.55%, down from -1.44% last month.
