"Similar to the end of 2018, premium renewal rates experienced a continued increased compared to the year prior, with the exception of general liability and workers' compensation which experienced downward trends," Brian Wood, vice president of Data Products Group, IVANS Insurance, said in a press release. (Photo: Shutterstock) “Similar to late 2018, premium renewal rates experienced a continued increased compared to the year prior, with the exception of general liability and workers’ compensation which experienced downward trends,” Brian Wood, vice president of Data Products Group, IVANS Insurance, said in a press release. (Photo: Shutterstock)

The first quarter results for 2019 show an increase in premium renewal rate change across commercial auto, business owners policies (BOP), umbrella and commercial property insurance compared to the fourth quarter of 2018, according to results released this week by IVANS, a division of Applied Systems.

However, general liability renewal rate change experienced a decrease, and workers’ compensation average premium renewal rate change dropped and remained in negative territory, consistent with the year-end 2018 results. Notably, commercial auto, business owners and umbrella policies all experienced higher average premium renewal rate change from the previous quarter.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected]

More from this author

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.