The first quarter of 2025 results of the Applied Commercial Index from Applied Systems, shows that year-over-year and quarter-over-quarter, average premium rates decreased across the most commonly placed commercial lines of business.
“Overall the magnitude of rate increases was down across all lines relative to average premium renewals in the same quarter last year with 3.85 per cent in Q1 2025, down from 6.14 per cent in Q1 2024,” the firm states in an announcement published about the first quarter results. “All lines of business saw decreases compared to the same quarter last year.”
The categories Applied Systems’ measures for include business and professional services, construction, erection and installation services, hospitality services, real estate property and retail services.
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