Premium renewal charges elevated year-over-year for all main business traces, besides staff’ compensation, in accordance with first quarter 2025 outcomes of the Ivans Index.
In comparison with fourth quarter 2024, all traces skilled a lower in common premium renewal charges besides umbrella.
Premium renewal price change by line of enterprise for April 2025 highlights embody:
- Industrial Auto: 8.4%, down from 8.8% final month.
- BOP: 8%, down from 8.2% on the finish of March.
- Normal Legal responsibility: 4.3%, up from March, which was 3.7%.
- Industrial Property: 7.7%, up barely from 7.6% in March.
- Umbrella: 9.4%, up from 9.3% in March 2025.
- Staff’ Compensation: -1.8%, down from -1.5% final month.
Launched month-to-month, Ivans Index is a data-driven report of present situations and traits for premium price renewal change of essentially the most positioned business traces of enterprise within the insurance coverage trade. Analyzing greater than 120 million knowledge transactions, the Ivans Index premium renewal price change measures the premium distinction 12 months over 12 months for a single constant coverage. Inclusive of greater than 38,000 businesses and 700 carriers and MGAs, the Ivans Index is reflective of the premium price change traits being skilled by all businesses and insurers throughout the U.S. insurance coverage market.
Supply: Ivans Index
Subjects
Commercial Lines
Business Insurance
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