Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Tampa, FL, Feb. 07, 2018 -- IVANS, a division of Applied Systems, today announced the results of January’s IVANS Index, the insurance industry’s premium renewal rate index. January results showed a positive change across nearly all major commercial lines except for Workers’ Compensation. Compared to December 2017, January experienced a slight downward shift in premium renewal rate change across the majority of commercial lines, except Commercial Auto and Workers’ Compensation which experienced slight upticks.
Premium renewal rate change by line of business for January 2018 highlights include:
- Commercial Auto: 4.30%, up from 3.00% at the end of December.
- BOP: 3.91%, down from 3.99% the month prior.
- General Liability: 1.98%, down from 2.13% at the end of December.
- Commercial Property: 3.06%, down from 3.13% the month prior.
- Umbrella: 1.26%, down from 1.49% at the end of December.
- Workers’ Compensation: -1.01%, up from -2.92% the month prior.
“The end of 2017 demonstrated significant premium rate changes for most insurers in the U.S.,” said Brian Wood, vice president of IVANS Markets. “The start of 2018 has shown continued positive momentum for premium renewal rate change, with Commercial Auto and Worker’s Compensation showing the most significant movement month over month.”
Released on a monthly basis, IVANS Index is a data-driven report of current conditions and trends for premium rate renewal change of the most placed commercial lines of business in the insurance industry. Analyzing more than 120 million data transactions, the IVANS Index premium renewal rate change measures the premium difference year over year for a single consistent policy. Inclusive of more than 30,000 agencies and 380 insurers and MGAs, the IVANS Index is reflective of the premium rate change trends being experienced by all agencies and insurers across the U.S. insurance market. IVANS Index is available to agencies and insurers as part of Market Insights at markets.ivansinsurance.com.
Download the complete 2017 Year-End IVANS Index report here.
About IVANS
IVANS, a division of Applied Systems, is the insurance industry’s exchange connecting insurers, MGAs, agencies, and the insured. IVANS cloud-based software automates the distribution and servicing of insurance products. For more than 30 years, IVANS innovation and expertise has connected 30,000 independent insurance agencies and 380 MGA and insurer partners to enable millions of people to safeguard and protect what matters most in people’s lives.
Lauren Malcolm Applied Systems [email protected]
