Renewal rates up YoY for all commercial lines except Workers’ Comp in May: Ivans

Ivans, a division of Applied Systems, has released the May 2025 results of the Ivans Index, showing that average premium renewal rates increased year over year across all major commercial lines of business except Workers’ Compensation.

Month over month, Commercial Auto, General Liability, and Commercial Property saw increases in premium renewal rate change, while BOP, Umbrella, and Workers’ Compensation experienced declines.

In May, Commercial Auto’s premium renewal rate change averaged 8.45%, up slightly from 8.41% in April.

BOP averaged 7.89%, down slightly from 7.98%, while General Liability rose to 4.86%, up from 4.33%.

Additionally, Commercial Property averaged 7.77%, a slight increase from 7.70%, as Umbrella declined to 9.11%, from 9.41% the previous month.

The only line to show a decrease, Workers’ Compensation, saw renewal rates fall -1.87%, down from -1.78% in April.

Rate movements in May continued the April trend, a month which also saw all lines but Workers’ Comp record year on year rate increases.

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