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Applied Releases Commercial Lines Premium Rate Index Findings for Q1 2025

GlobeNewswire LogoGlobeNewswire12h ago

Applied Releases Commercial Lines Premium Rate Index Findings for Q1 2025 - GlobeNewswire

Quick Summary:

Year-over-year and quarter-over-quarter average premium rates decreased across the most commonly placed commercial lines of businessToronto, ON, May 08, 2025 (GLOBE NEWSWIRE) -- Applied Systems® today announced the first quarter 2025 results of the Applied Commercial Index™, the Canadian insurance industry’s premium rate index.

Quarter over quarter, Q1 2025 results showed average renewal rate change decreased across all lines of the most commonly placed Commercial Lines categories, including Real Estate Property, Business and Professional Services, Construction, Hospitality Services, and Retail Services.

Significant findings include:  Business and Professional Services: Q1 2025 premium renewal rate change average was 3.99%, down from the Q4 2024 average of 5.48%.     Construction, Erection, and Installation Services: Premium renewal rate change average was 3.85% for the quarter, down from the Q4 2024 average of 4.78%.

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Article Details

Author / Journalist: Applied Systems

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-08 @ 18:00:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 316 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 28497020

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About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 120 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 8 hours ago

Coverage Areas: China

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Publisher ID: #116

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