Nearly all commercial lines pricing up through Q2

Average premium renewal rate changes of nearly all major commercial lines of business remain up year over year,

according to the latest edition of the IVANS Index while all lines increase month over month except Umbrella.

The Q2 results showed that premium renewal rate change for all major commercial lines of business increased year over year,

Q2 also experienced an increase in average premium renewal rate change across Commercial Auto,

Business Owner’s Policy (BOP), General Liability, Commercial Property, and Workers’ Compensation compared to Q1 2022,

Specifically, for commercial auto, Q2 average premium renewal rate change averaged 5.05%,

an increase compared to Q1 2022’s average premium renewal rate change of 4.22%.