IVANS Index Q1 2018 Results Released

General News

Summary

Commercial Auto : Premium renewal rate change averaged 4.20% for Q1, ending at 3.87% in March.General Liability: Q1 premium renewal rate change experienced an uptick at 2.01% compared to Q4 which averaged 1.86%.Workers’ Compensation: Premium renewal rate change dipped again in Q1, averaging at -2.47% as compared to -2.32% in Q4.“Quarter-over-quarter, premium renewal rate change continues to show significant positive momentum across the majority of commercial lines,” said Brian Wood, vice president of IVANS Markets.Released on a monthly basis, 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.

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