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Workers' compensation is the sole line of commercial insurance products that saw a dip in premium renewal rates, according to the Q1 2018 IVANS Index released earlier this month by IVANS, a division of Applied Systems.
The IVANS Index is a data-driven monthly and quarterly report that forecasts current insurance business conditions and trends based on analysis of more than 120 million data transactions from more than 30,000 agencies and 380 insurers and MGAs.
“Quarter-over-quarter, premium renewal rate change continues to show significant positive momentum across the majority of commercial lines,” IVANS Markets Vice President Brian Wood said of the Q1 2018 findings.
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