The managing general agent (MGA) model of distribution growth has been steadfast. Incumbent MGAs are expanding their share of business across the property and casualty market, while start-ups keep growing in number, with significant direct written premium growth of 229% over the past seven years ..read more

Insured losses from natural disasters have reached so far in 2024, above the $39B average, and driven by severe convective storms (SCS) in U.S. and Europe, as well as flooding in Germany, the Middle East and Brazil. While global economic losses of $117B were lower than the last three years, the outlook is marked by a potentially costly hurricane season and continuing convective storms in the United States and Europe. The insurance protection gap is estimated at only 50 percent, one of the lowest on record ..read more

Insurers and organizations are increasingly diversifying sources of (re)insurance capacity ..read more

The Crowdstrike event highlights the interconnected nature of software ecosystems. For re/insurers, this presents an opportunity to reassess approaches to portfolio accumulation risk and specific coverage for widespread “system failure” events.  ..read more

The first quarter of 2024 saw several notable disaster events, which drove total year-to-date economic losses above $45 billion. This was lower than the 21st-century Q1 average of $59 billion and significantly lower than losses in the first quarter of 2023 ($149 billion). The costliest event of the first three months was the Noto Earthquake in Japan, which occurred on the very first day of the year and resulted in economic losses of $17.6 billion, according to governmental estimates ..read more

Aon’s Reinsurance Market Dynamics report provides a comprehensive assessment of key market trends in the context of the April 1, 2024 renewals period. Commentary on global reinsurer capital, alternative capital and the macroeconomic environment offer insights on the potential direction of the global (re)insurance industry and future renewals. This report is heavily focused on Asia Pacific as that region renews a large portion of its business at this renewal date ..read more

How Australia and Australian Insurers Can Accelerate the Transition to Carbon Neutrality ..read more

Generative AI has arrived, and like many other segments of the professional and knowledge services business, it will have a profound change on how the insurance industry operates and contemplates risk ..read more

Now in it's 18th year, the Insurance Risk Study determines credible global insurance volatility benchmarks for use in underwriting risk modeling. It aims to help insurers understand volatility within a given line of business and how those lines of business interact with each other.  ..read more

The January 2024 property reinsurance renewal sets the stage for an interesting year ahead. Demand for property catastrophe reinsurance remains strong at the start of 2024, supported by inflation and exposure trends. As capacity continues to build, there will be opportunities for insurers to buy additional limit at the top of programs, and for reinsurers to work with brokers and clients to share the burden of secondary perils more equitably ..read more