Applied Releases Commercial Lines Premium Rate Index Findings for Q3 2024

Quick Summary:

Business and Professional Services, Hospitality Services and Real Estate experienced decreases, while Construction and Retail Services experienced increases compared to last quarter this year.    Significant findings include: Business and Professional Services: Q3 2024 premium renewal rate change average was 5.30%, down from the Q2 2024 average of 5.99%.

Year-over-year average premium rates decreased across the most commonly placed commercial lines of business; average premium rates experienced variable change quarter over quarterToronto, ON., Nov.14, 2024 (GLOBE NEWSWIRE) -- Applied Systems® today announced the third quarter 2024 results of the Applied Commercial Index™, the Canadian insurance industry’s premium rate index.

Construction, Erection, and Installation Services: Premium renewal rate change average was 5.36% for the quarter, up from the Q2 2024 average of 5.34%.

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Applied Systems

Category: Technology

Markets: ChinaCanadaIrelandUnited KingdomUnited States

Topics: Index 2024 Rate Applied Quarter Results Insurance Rates Services Systems Commercial

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 14:00:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 331 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 20 words per sentence (average)

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

Copyright Owner: © GlobeNewswire

News ID: 23586246

View Article Analysis

About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 54 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 8 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

Publisher Details

Frequently Asked Questions