Most major commercial lines posted lower renewal rate changes than in the first quarter
Ivans has released its Q2 2026 Ivans Index, reporting that premium renewal rate changes for all major commercial lines of business except Workers’ Compensation remained higher than a year earlier, while most lines posted lower renewal rate changes compared to the first quarter of 2026.
According to the report, every major commercial line except Workers’ Compensation experienced a quarter-over-quarter decline in average premium renewal rate change during the second quarter. Workers’ Compensation was the only line to post a slight increase, though renewal rate changes remained negative.
Q2 2026 renewal rate changes by line
- Commercial Auto: Average premium renewal rate change was 4.93%, down from 5.28% in Q1 2026. Monthly averages declined from 5.24% in April to 4.58% in June.
- Business Owner’s Policy (BOP): Average premium renewal rate change was 6.16%, compared with 6.74% in the first quarter. April recorded the quarterly high at 6.43%, while June averaged 5.97%.
- General Liability: Average premium renewal rate change fell to 5.44% from 6.85% in Q1. The highest monthly average was 5.70% in April, with the lowest at 5.28% in May.
- Commercial Property: Average premium renewal rate change was 6.40%, down from 6.83% in Q1. The quarterly high was 6.71% in May, while both April and June averaged 6.24%.
- Umbrella: Average premium renewal rate change declined to 7.96% from 9.36% in the previous quarter. April averaged 8.27%, falling to 7.60% by June.
- Workers’ Compensation: Average premium renewal rate change was -1.37%, compared with -1.73% in Q1. The highest monthly average was -1.31% in May, while June averaged -1.45%.
Ivans cites continued softening in commercial renewals
“Renewal rates across most commercial lines continued to soften in the second quarter, extending a trend we’ve seen build over the past year,” said Michael Streit, president, Applied Systems Carrier. “The Ivans Index gives agents, brokers and carriers a consistent, data-driven view of these shifts as they plan for the remainder of the year.”
About the Ivans Index
The Ivans Index is released monthly and measures premium renewal rate changes for the most commonly placed commercial lines of business by comparing year-over-year premium differences for a single consistent policy.
According to Ivans, the index analyzes more than 120 million data transactions and reflects information from more than 38,000 agencies and 700 carriers and MGAs across the United States. The company said the index is available to agencies and insurers as part of its Market Insights platform, and a complete Q2 2026 Ivans Index report is available for download.
