![](https://res.aon.com/image/fetch/ar_16:9,c_fill,f_auto,g_auto,h_184,w_327/https://assets.aon.com//-/media/images/aon/insights/reports/global-market-insights-1353917754.jpg)
Article
Q4 has historically been an important time for the Property insurance market, as the peak reinsurance renewal season approaches, and the Atlantic hurricane season runs its course. This Q4 brings with it the additional complexities of persistent inflation, a slow supply chain recovery, and continued property and business interruption valuation concerns, along with geopolitical volatility. Insurers continue to adapt and respond to the dynamic Property risk landscape by refining their appetite, coverage language, and underwriting practices, and by working with Aon to develop approaches and solutions to meet clients’ evolving risk needs.
Driven largely by inflation, a slow supply chain recovery, and rising labor costs, property and business interruption values have increased materially. Insurance to value remains a top priority on risk management and underwriting agendas, as underinsurance has proven to lead to longer, more challenging claims adjustment processes and lower than ideal settlement values.
Article
Current geopolitical events and civil unrest have had profound and widespread humanitarian and economic impacts – both immediate and long-term. Businesses may face a loss of revenue from damaged property and inventory, as well as from business interruption from direct or indirect causes (e.g., supplier and customer disruptions). There is also an increased risk of cyber attacks. Due to the widespread nature of these events, insurers have sought to limit their exposure through myriad actions.
The reinsurance market capital increase in H1 2023 was principally driven by retained earnings, recovering asset values and new inflows to the cat bond market. Reinsurers’ underwriting and operating returns have improved year-to-date, due to increased insurer rates and portfolio retentions, tighter peril scope in terms/conditions and improved investment income. As economic inflation cools, reinsurers are shifting focus to social inflation that can impact high value claims costs and reserving implications for insurers.
In today’s highly interconnected and complex risk environment, supply chain risk from a supplier location and its potential to disrupt business is a major concern among business leaders and risk managers. The aggregation of business risk can be difficult to quantify resulting in poor visibility into risk severity. Lack of information on the supplier’s facility attributes and protection leads to information gaps in the underwriting of CBI risk.
General Disclaimer
The information contained herein and the statements expressed are of a general nature and are not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information and use sources we consider reliable, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.
Terms of Use
The contents herein may not be reproduced, reused, reprinted or redistributed without the expressed written consent of Aon, unless otherwise authorized by Aon. To use information contained herein, please write to our team.
Our Better Being podcast series, hosted by Aon Chief Wellbeing Officer Rachel Fellowes, explores wellbeing strategies and resilience. This season we cover human sustainability, kindness in the workplace, how to measure wellbeing, managing grief and more.
Expert Views on Today's Risk Capital and Human Capital Issues
The construction industry is under pressure from interconnected risks and notable macroeconomic developments. Learn how your organization can benefit from construction insurance and risk management.
Stay in the loop on today's most pressing cyber security matters.
Our Cyber Resilience collection gives you access to Aon’s latest insights on the evolving landscape of cyber threats and risk mitigation measures. Reach out to our experts to discuss how to make the right decisions to strengthen your organization’s cyber resilience.
Our Employee Wellbeing collection gives you access to the latest insights from Aon's human capital team. You can also reach out to the team at any time for assistance with your employee wellbeing needs.
Explore Aon's latest environmental social and governance (ESG) insights.
Our Global Insurance Market Insights highlight insurance market trends across pricing, capacity, underwriting, limits, deductibles and coverages.
How do the top risks on business leaders’ minds differ by region and how can these risks be mitigated? Explore the regional results to learn more.
Our Human Capital Analytics collection gives you access to the latest insights from Aon's human capital team. Contact us to learn how Aon’s analytics capabilities helps organizations make better workforce decisions.
Explore our hand-picked insights for human resources professionals.
Our Workforce Collection provides access to the latest insights from Aon’s Human Capital team on topics ranging from health and benefits, retirement and talent practices. You can reach out to our team at any time to learn how we can help address emerging workforce challenges.
Our Mergers and Acquisitions (M&A) collection gives you access to the latest insights from Aon's thought leaders to help dealmakers make better decisions. Explore our latest insights and reach out to the team at any time for assistance with transaction challenges and opportunities.
How do businesses navigate their way through new forms of volatility and make decisions that protect and grow their organizations?
Our Parametric Insurance Collection provides ways your organization can benefit from this simple, straightforward and fast-paying risk transfer solution. Reach out to learn how we can help you make better decisions to manage your catastrophe exposures and near-term volatility.
Our Pay Transparency and Equity collection gives you access to the latest insights from Aon's human capital team on topics ranging from pay equity to diversity, equity and inclusion. Contact us to learn how we can help your organization address these issues.
Forecasters are predicting an extremely active 2024 Atlantic hurricane season. Take measures to build resilience to mitigate risk for hurricane-prone properties.
Our Technology Collection provides access to the latest insights from Aon's thought leaders on navigating the evolving risks and opportunities of technology. Reach out to the team to learn how we can help you use technology to make better decisions for the future.
Trade, technology, weather and workforce stability are the central forces in today’s risk landscape.
Our Trade Collection gives you access to the latest insights from Aon's thought leaders on navigating the evolving risks and opportunities for international business. Reach out to our team to understand how to make better decisions around macro trends and why they matter to businesses.
With a changing climate, organizations in all sectors will need to protect their people and physical assets, reduce their carbon footprint, and invest in new solutions to thrive. Our Weather Collection provides you with critical insights to be prepared.
Our Workforce Resilience collection gives you access to the latest insights from Aon's Human Capital team. You can reach out to the team at any time for questions about how we can assess gaps and help build a more resilience workforce.
Article
A complex macroeconomic environment continues to shape risk strategies and market responses.
Article
Generative Artificial Intelligence (AI) – a type of artificial intelligence that has the ability to create material such as images, music or text – is already a proven disruptor and its adoption is growing at an explosive rate.
Report
This quarter’s report describes some of the important developments in the Q3 insurance market and includes special features (on topics such as Generative AI and “Nuclear Verdicts”) to help you navigate the complexities and challenges of today’s risk and insurance environment.