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Ivans Index found the average premium renewal rate increased year-over year for all major commercial lines except workers’ compensation, but every line of business averaged rate increases at renewal during the last three months of 2023, compared to the prior quarter. The monthly index provided by insurance software company Ivans, said four lines of business—business owner’s policy (BOP), general liability, commercial property, and umbrella—reached year-end highs on renewal rate through the last quarter 2023. Workers’ compensation reached its highest rate, above zero, in November, Ivans added.
Hosted by Ivans CEO, Reid Holzworth In this episode of The Insurance Technology Podcast, Reid sits down with Luke Magnan, co-founder and CIO of Combined Ratio Solutions, to discuss Luke’s Connecticut upbringing, his passion for technology, and the conversation with a bus driver that led him from political science pursuits to his computer science roots. Take a break from your New Year’s resolutions to hear Luke’s story of following his heart and combining his love for computers with insurance.
Drive Innovation with a Career at IVANS!
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