May commercial property renewal rate increases slow to 9.89%: Ivans
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

May commercial property renewal rate increases slow to 9.89%: Ivans

Kyoung-son Song
June 14, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
Ivans logo new 2022 six tiles.jpg

Premium renewal rate increases for commercial property in May fell to 9.89% from 10.09% in April, marking the first month-on-month slowdown since October 2022, according to Ivans pricing data.

May’s increased rates for the business line remained higher than the Q1 2023 average of 8.89%.

Compared to April, all lines of business tracked by Ivans experienced decreases in premium renewal rate changes, except for commercial auto.

The

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsRatesCommercial Lines
kyoungson son 2024 ii us 2.png
Kyoung-son Song
Senior Reporter
Contact
Gift this article