Overview of Q3 2025 Ivans Index Results
Ivans, a leading player in the insurance industry, has released its third-quarter results for 2025, shedding light on the landscape of premium renewal rates. The Ivans Index™, known for tracking changes in insurance premiums, revealed that rates for most major commercial lines have increased year-over-year, except for Workers’ Compensation. However, when comparing to the previous quarter, there has been a noticeable decline in renewal rate changes across almost all major lines, except in certain cases like General Liability and Workers’ Compensation, where rates have risen.
Commercial Lines Premium Renewal Rate Changes
The detailed breakdown of premium renewal rate changes by line of business in Q3 2025 illustrates some intriguing shifts:
1. Commercial Auto
The premium renewal rate for Commercial Auto saw a decline, averaging 7.60% in Q3, down from 8.43% in Q2 2025. July marked the peak with a high of 7.96%, followed by a drop to 7.19% in August.
2. BOP (Businessowners Policy)
In Q3 2025, the average premium renewal rate change for BOP fell to 7.55%, compared to 7.87% in Q2 2025. August showcased the highest rates at 7.65%, before wrapping up the quarter at a lower 7.46% in September.
3. General Liability
General Liability saw an upward trend, experiencing a renewal rate change increase to an average of 5.89% in Q3 2025, compared to 4.66% in the previous quarter. July started off on the lower end at 4.98%, eventually rising to 6.78% by September.
4. Commercial Property
The average premium renewal rate for Commercial Property during Q3 was 7.64%. The rates peaked in July at 7.98% before declining to 7.11% by September, down from 7.89% recorded in Q2 2025.
5. Umbrella Coverage
Umbrella coverage experienced a slight drop in average premium renewal rates, averaging 8.99% for Q3, a decrease from 9.07% in Q2. The lowest change occurred in July at 8.83%, while September noted the highest at 9.12%.
6. Workers’ Compensation
The Workers’ Compensation sector saw a slight improvement in Q3 2025, with an average premium renewal rate change of -1.42%, better than the -1.75% in the previous quarter. Rates started at -1.48% in July and improved to -1.32% in September.
Market Observations and Insights
Kathy Hrach, the Senior Vice President of Product Management at Ivans, expressed her thoughts on the current market dynamics, noting, "The change of premium renewal rates continued to ease across most key commercial lines this quarter, extending the pattern of gradual softening we’ve observed since earlier in the year. A more balanced market between carrier appetite and available capacity, combined with the hard-market repricing largely already absorbed in prior renewals, is tempering the pace of increases, and the Ivans Index shows where that normalization is taking hold."
The Ivans Index is a comprehensive report that monitors current conditions and trends in premium rate renewal changes for the most commonly placed commercial lines in the insurance sector. The Index analyzes a significant volume of over 120 million data transactions, which helps illustrate the premium differences from year to year for consistent policies. Currently, it encompasses over 38,000 agencies along with 600 insurers and MGAs, offering a broad reflection of premium rate trends across the U.S. insurance market.
For agencies and insurers interested in understanding these market insights further, the Ivans Index is accessible as part of Market Insights.
Frequently Asked Questions
1. What is the Ivans Index?
The Ivans Index is a premium renewal rate index designed to track changes in commercial insurance premiums across various lines of business.
2. What were the key findings for Q3 2025?
Q3 2025 revealed an overall increase in premium renewal rates for many commercial lines, except Workers’ Compensation, which experienced a slight decrease.
3. How does the Ivans Index data get collected?
The Index gathers data from over 120 million transactions across more than 38,000 agencies and 600 insurers in the U.S. insurance market.
4. Who can access the Ivans Index?
The Ivans Index is available to insurance agencies and insurers as part of Market Insights, providing valuable data on premium trends.
5. Why are premium renewal rates important?
Tracking premium renewal rates is essential for understanding market trends, insurer performance, and the financial health of the insurance industry.
