Commercial Insurance Renewal Rates Show Mixed Results
The February 2026 Ivans Index revealed a mixed market for commercial insurance premium renewals. General Liability and Workers’ Comp were the only lines to show month-over-month rate increases, while year-over-year gains were flat across most lines except for Workers' Comp.
The Ivans Index, a key benchmark for the insurance industry, analyzes over 120 million data transactions from more than 38,000 agencies and 700 carriers and MGAs to determine premium renewal rate changes. This data-driven report provides insights into the current conditions and trends for the most common commercial lines of business. In a month-over-month comparison, most commercial lines saw a decrease in premium renewal rate changes. Commercial Auto dropped to 5.18% from 5.62% in January, while Business Owner's Policy (BOP) saw a slight decrease to 6.81% from 6.89%. Commercial Property also experienced a dip, moving from 7.22% in January to 7.05% in February. The most significant month-over-month decrease was in the Umbrella line, which fell from 10.47% in January to 8.84% in February. Conversely, General Liability was a notable exception, with its premium renewal rate increasing from 6.89% in January to 7.01% in February. Workers' Compensation was the only other line of business to show a month-over-month increase in premium renewal rates, moving up from -2.17% in January to -1.43% in February. However, it remains the only major commercial line with a negative year-over-year premium renewal rate, indicating a continued decrease in premiums in that sector.
