Applied Commercial Index Q4 2025 Report

This document is a report detailing the Applied Commercial Index for Q4 2025, which presents the premium renewal rate changes across various commercial lines in the Canadian insurance market. The report indicates that the overall average premium renewal rate increase was 2.23%, a decrease from 5.02% in Q4 2024. It outlines specific changes in several categories, including Business and Professional Services, Construction, Hospitality, Real Estate, and Retail Services, with all categories showing a decline in renewal rates compared to the previous quarter and the same quarter last year. For instance, the Business and Professional Services category saw an average rate change of 1.83%, down from 2.72% in Q3 2025. The report also emphasizes the data-driven nature of the index, which analyzes nearly 22,000 transactions each quarter to measure year-over-year premium differences in the market.