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Premium renewal rates soften in Q2 2026 across most commercial lines
Commercial Auto averaged a 4.93% renewal rate change in Q2 2026, down from 5.28% in Q1, while Workers' Compensation was the lone line to tick up.
Ivans, a division of Applied Systems, said its Ivans Index showed year over year premium renewal rates fell in the second quarter of 2026 across nearly all major commercial insurance lines, with Workers' Compensation the exception.
Across lines, Commercial Auto's average premium renewal rate was 4.93% in Q2 2026, compared with 5.28% in Q1 2026. Business Owner’s Policy premium renewal rate change averaged 6.16% in Q2 2026, down from 6.74% in Q1 2026, while General Liability fell to an average of 5.44% from 6.85%.
Commercial Property averaged a 6.40% premium renewal rate change in Q2 2026, lower than 6.83% in Q1 2026, and Umbrella also decreased to 7.96% from 9.36% in Q1 2026.
Workers’ Compensation premium renewal rate change averaged -1.37% in Q2 2026, slightly up from -1.73% in Q1 2026. In comments reported by Reinsurance News, Applied Systems Carrier president Michael Streit said renewal rates across most commercial lines continued to soften in the quarter, extending a trend seen over the past year.