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Ivans Index January 2025 Results Released

February 13, 2025

Renewal rates for all major commercial lines of business, except Workers’ Compensation remain up year over year; rate change variable month over month

Milwaukee, WI. – February 13, 2025 - Ivans® today announced the January 2025 results of the Ivans Index™, the insurance industry’s premium renewal rate index. Year over year, Commercial Auto, BOP, General Liability, Commercial Property and Umbrella experienced increasing average premium renewal rates, while premium renewal rates decreased for Workers’ Compensation. Month over month, Commercial Auto, BOP and Commercial Property experienced decreases in premium renewal rate change, while General Liability, Umbrella and Workers’ Compensation saw an increase.

Premium renewal rate change by line of business for January 2025 highlights include:

  • Commercial Auto: 9.41%, down from 9.99% last month, but up significantly from January 2024, which was 7.40%.
  • BOP: 9.02%, down from 9.59% at the end of December. This is a slight decrease from last year’s 9.33% in January.
  • General Liability: 4.19%, up slightly from December, which was 4.16%, and decreasing from January 2024, which was 5.38%.
  • Commercial Property: 9.74%, down significantly from 11.12% in December, as well as from 10.30% in January 2024.
  • Umbrella: 9.47%, up from 9.09% December 2024 and 6.35% in January 2024.
  • Workers’ Compensation: -1.44%, up slightly from -1.45% last month, but down from -0.67% in January 2024.                         

Released monthly, Ivans Index is a data-driven report of current conditions 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, the Ivans Index premium renewal rate change measures the premium difference year over year for a single consistent policy. Inclusive of more than 38,000 agencies 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. Ivans Index is available to agencies and insurers as part of Market Insights at markets.ivansinsurance.com.

Download the complete Q4 Ivans Index report.

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About Ivans
Ivans is where insurance carriers, agents, and MGAs come together to grow their businesses. Every day, our 38,000 agents and over 700 carrier and MGA partners plug into technology that empowers them to better determine appetite and eligibility, swiftly produce quotes, get accurate claims and commission updates, automatically communicate policy data, and connect to one another to drive new business. With easier ways to get the day’s work done, insurance professionals can open the door to more revenue without letting complexity in behind it.

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