Here are some additional highlights from the IVANS Q3 2021 highlights research:

Commercial auto: Q3 average premium renewal rate averaged 4.32%, a decrease compared to Q2's average premium renewal rate of 4.51%. The quarter experienced its low in August at 4.06% and ended the quarter with its high of 4.70%.
Business owner's policies: BOP premium renewal rate increased in Q3 with an average of 5.05% versus 4.59% in Q2. The quarter began with its lowest rate in July at 4.87%, and ended the quarter with its highest rate at 5.18%.
General liability: Third quarter premium renewal rate rose compared to Q2, averaging 4.21% versus 3.95%. Q3 premium renewal rate experienced its low in July at 4.17% and reached its high in September at 4.25%.
Commercial property: Average premium renewal rate change for commercial property increased quarter over quarter at 5.77% versus 5.54% in Q2. The quarter premium renewal rate change reached its low of 5.62% in August and experienced its high at the end of the quarter at 5.89%.
Umbrella: Q3 premium renewal rate change averaged 4.85%, rising from 4.40% in Q2. Umbrella premium renewal rate change began the quarter with a low of 4.73% and ended with a quarter high of 4.95%.
Workers' compensation: Workers' comp premium renewal rate change averaged -1.40%, up from Q2 at -1.74%. The quarter premium renewal rate change reached its low of -1.93% in July and ended the quarter at its high of -0.82%.

IVANS Index data is released monthly. It includes analysis of more than 120 million data transactions, 33,000 agencies and 430 insurers and MGAs, according to IVANS. For more information, visit markets.ivansinsurance.com.

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IVANS Q3 policy renewal results note hard market conditions

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