Insurance

Industry Overview

Insurance

Embracing Future Risks While Navigating Volatility and Optimizing Capital

Forward-thinking insurance companies propel our economy by protecting businesses, communities and governments, and in a world of rapidly evolving risks, insurers need to be agile and adaptable to remain relevant to their customers. To stay competitive, insurers increasingly need to embrace technology, data and analytics to improve efficiency and deliver value—while remaining attractive as employers to entice the best talent.

To navigate volatility, ranging from climate change to economic headwinds, insurers need to delve deep into understanding and mitigating risks by enhancing their view of risk. Data, tools and analytics must complement and shape risk transfer to help protect and grow their businesses.

This is where capital can provide a bridge between innovation and investment. Finding the right balance to optimize capital requires strategic decision-making to support growth and enhance both sides of the balance sheet. To meet these societal demands while delivering profitability, this requires more efficient, flexible and resilient enterprise structures to drive strong financial health.

Now more than ever, insurers require more holistic services and global insight to better understand and address their strategic, multi-faceted business needs across growth, capital, operational efficiency and talent. Aon supports insurance industry clients with more relevant and impactful insight and solutions to meet their strategic goals and make better business decisions.

01

Cyber Attack or Data Breach

Cyber attacks are, and will remain, a top risk across all geographies and industry sectors. All leaders need a cyber game plan.
02

Failure to Attract or Retain Top Talent

Companies excel when they have the best possible talent in each role, from the C-suite to the front line. An inability to fill these slots and retain top-performing employees can have serious repercussions.
03

Weather and Natural Disasters

Global economic uncertainty is being fueled by geopolitical volatility and unpredictable inflation and interest rates.
04

Regulatory or Legislative Changes

Uncertainty about upcoming regulatory changes affects business confidence, and companies active in multiple jurisdictions must track and comply with a wide variety of complex laws and regulations.
05

Economic Slowdown or Slow Recovery

Global economic uncertainty is being fueled by geopolitical volatility and unpredictable inflation and interest rates.

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Insights for insurers

Explore the latest impactful insights to help you make better business decisions.

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Report Available Now

Transformative Trends

Creating New Markets

From carbon capture to intellectual property to social mobility, ten transformative trends are shaping the future risk landscape. Our research indicates reinsurers can capitalize on $200+ billion of market potential by 2030.

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Alert 14 mins

L.A. Wildfires Highlight Urgent Need for Employee Support and Business Resilience

In the face of the L.A. wildfires, impacted businesses’ top priority is their people. A three-phased approach can help build business resilience and mitigate the effects of future events.
Article 9 mins

Developing a Paid Leave Strategy That Supports Workers and Their Families

With no federal paid leave law in the U.S., employers have limited guidance in designing equitable and comprehensive paid leave programs to support their workforce. Looking beyond compliance to focus on strategy and values will help create fair and well-designed policies.
Article 17 mins

Q3 2024: Global Insurance Market Overview

Buyer-friendly conditions continued across much of the global insurance market in Q3, painting a largely positive picture as we head into year-end renewals.
Article 8 mins

Wildfire Risk Fuels New Challenges for U.S. Communities

As climate change compounds wildfire risk, organizations play a critical role in protecting their workforce before and after an event.
Article 7 mins

How Insurance Companies can Sustain Profitable Growth Through the Market Cycle

For insurers, making decisions on where and how to deploy capital becomes more difficult during times of volatility.
Article 10 mins

Q2 2024: Global Insurance Market Overview

With many insurers reporting healthy profits in 2023, and in response to notable improvements in the reinsurance market, the insurance market in Q2 2024 remained growth-oriented.
Article 7 mins

How Insurers are Integrating Climate Change into their Investment Decisions

Insurers are some of the world’s largest institutional investors. Recognising their crucial role in driving the global climate transition, they should identify and analyse climate-related risks and opportunities to improve long-term risk-adjusted returns.
Article 4 mins

Companies Need a Global Benefits Identity in an Era of Cost Containment

More global benefits professionals are aligning benefit strategy to an employer’s identity and values.
Article 6 mins

Insurance and the Metaverse: Safeguarding Virtual Assets

Insurers are venturing into the thriving digital landscape of the Metaverse, covering virtual assets, safeguarding intellectual property, and protecting the wellbeing of users and avatars. With this evolution, comes new challenges and the unique opportunity to shape the future of insurance.
Article 7 mins

Connected Perspectives: Better Decisions on Interconnected Risks for FAB Organizations

As the scale and speed of interconnected risks escalate, innovative risk management strategies help FAB businesses build the resilience and agility needed to thrive.
Article 10 mins

Driving a Future-Proof, Skills Based Approach for the Renewable Energy Sector

The renewable energy sector is undergoing a sweeping transformation, as it plays a pivotal role in the challenge to achieve global net-zero goals. Attracting, upskilling and retaining talent is critical for sustainability.
Article 10 mins

How Insurers Can Capture Climate Opportunities

Climate change adaptation and the transition to net zero present huge premium growth opportunities for insurers. The key question is how to get started.