The 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. (Photo: Lemonsoup14/Adobe Stock)
All major commercial lines of business showed year-over-year premium growth during Q2 2023 except worker's comp and umbrella insurance policies, according to the most recent Ivans Index™.
"The Q2 results of the Ivans Index show that the premium renewal rates continue to increase in line with other pricing trends in the broader macro environment," Kathy Hrach, vice president of Product Management for Ivans, said in a press release. "As we enter the second half of the year, the Index will see how changing regulatory environments and hurricane season impact premium renewal rates and carrier and agent investment in certain lines of business based on profitability opportunity."
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