InsurTech Center

Market Insights

Fourth-quarter 2020 insurance premium renewals mostly up

Regular reporting from IVANS® provides a look at the trends and pressures impacting the insurance industry.

"As we make our way into 2021, IVANS Index will provide insights on how the macroeconomic trends of the ongoing pandemic and policy changes will impact the insurance industry," Kathy Hrach, vice president of Product Management for IVANS Insurance, said in a recent press release. (Champ 008 for Shutterstock.com)

IVANS® recently released the results on its year-end 2020 premium renewal research known as the IVANS Index™.

The results indicated an increase in the premium renewal rate changes average across the general liability, commercial property, umbrella and workers’ comp insurance markets compared to Q3 2020. However, workers’ compensation average premium renewal rate change remained in negative territory, which was consistent with that product’s performance throughout 2020.

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Elana Ashanti Jefferson

Executive Editor Elana Ashanti Jefferson is a veteran journalist and communications professional. She can be reached by sending email to [email protected]

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