Commercial Insurance Premiums Show Mixed Trends in Q4 2025
Event summary
- Q4 2025 saw premium renewal rate increases for General Liability, Commercial Property, and Umbrella, while Commercial Auto, BOP, and Workers’ Compensation saw decreases.
- General Liability premium renewal rates rose to 7.23% in Q4 2025, up from 5.89% in Q3 2025.
- Workers’ Compensation premium renewal rates averaged -1.61% in Q4 2025, down from -1.42% in Q3 2025.
- Ivans Index analyzed over 120 million data transactions from 38,000 agencies and 600 insurers/MGAs.
The big picture
The commercial insurance market remains firm but is gradually moving off the peak conditions of recent years. Carriers are balancing growth objectives with pressures from both primary and secondary loss exposures. The Ivans Index serves as a key gauge for tracking these broader market dynamics in 2026.
What we're watching
- Market Firmness
- How the gradual shift from peak conditions will impact carrier strategies in 2026.
- Line-Specific Trends
- Whether the divergence in premium trends across commercial lines will persist.
- Loss Exposure Pressures
- The pace at which carriers balance growth objectives with rising loss exposure risks.
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