IVANS Q1 results: Insurance premium renewals up across commercial lines

Only workers’ comp products saw a negative premium renewal rate change during the first quarter of 2018, according to IVANS Index data.

By PC360 Staff | Updated on April 17, 2018

Workers’ compensation insurance premium renewals rates have been in a slow downward cycle in recent quarters. (Photo: Shutterstock)

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.

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