Ivans, a unit of Applied Systems, released its second-quarter Ivans Index results, showing that premium renewal rates fell year-over-year for nearly all major commercial lines.
Workers’ compensation was the exception, as it increased slightly over the same period.
By business line, the average premium renewal rate of commercial vehicles was 4.93%, which was lower than the average premium renewal rate of 5.28% in the first quarter of 2026.
The second quarter started in April, with the highest interest rate change in the quarter, with an average of 5.24%; by June, the lowest interest rate change in the quarter, with an average of 4.58%.
Business owners policy (BOP) premium renewal rate changes declined slightly, averaging 6.16% in the second quarter of 2026, down from 6.74% in the first quarter of 2026. BOP experienced a quarterly high of 6.43% in April and a quarterly low of 5.97% in June.
Premium renewal rates for general liability insurance declined in the second quarter of 2026 compared to the first quarter of 2026, averaging 5.44% compared to 6.85% in the first quarter of 2026. Premium renewal rate changes in the second quarter of 2026 experienced the highest rate change of 5.70% in April and the lowest rate change in May, averaging 5.28%.
Commercial real estate premium renewal rates averaged 6.40% in the second quarter of 2026, down from an average of 6.83% in the first quarter of 2026. The rate peaked in May at 6.71%, while April and June recorded the lowest rates of the quarter at 6.24%.
Umbrella’s average premium renewal rate change also declined significantly in the second quarter of 2026, from 9.36% in the first quarter of 2026 to 7.96%. April had the highest average premium change at 8.27%, while June had the lowest average premium change at 7.60%.
The average change in workers’ compensation premium renewal rates in the second quarter of 2026 was -1.37%, up from -1.73% in the first quarter of 2026. Premium renewal rate changes for the second quarter of 2026 experienced the highest rate change in May, averaging -1.31%, and the lowest rate change in June, at -1.45%.
“Renewal rates across most commercial product lines continued to soften in the second quarter, continuing a trend we have seen over the past year,” said Michael Streit, president of Applied Systems Operators. “The Evans Index provides agents, brokers and carriers with a consistent, data-driven view of these changes as they plan for the remainder of the year.”
The monthly Evans Index reports data-driven trends in premium renewal changes for the top commercial insurance lines.
It analyzes more than 120 million data transactions from more than 38,000 institutions and 700 insurance companies/MGAs, measuring year-over-year premium differences for a single consistent policy, reflecting U.S. insurance market trends.
