Reinsurance Market Dynamics

Reinsurance Market Dynamics
Ultimate Guide to the January 2025 Renewal

Reinsurance Market Dynamics

With the strong market, reinsurers must deepen insurer partnerships, use capital to create a more sustainable market and lean into a changing risk landscape.

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Re/insurance Industry Perspectives

Discover global reinsurer capital, alternative capital and rating agency perspectives on the macroeconomic environment for insights on the potential direction of the global re/insurance industry and future renewals.

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  1. Ultimate Guide to the January Renewal

  2. Top Tips for a Successful Renewal

  3. Explore Past Reports

  4. Solutions and Insights

Ultimate Guide to the January Renewal

Ultimate Guide to the January Renewal

Aon's Ultimate Guide provides key market dynamics and trends looking ahead to the January 2025 renewal. The theme 'time to lean into risk' acknowledges that, with the growing interconnectivity and complexity of risk, the industry has untapped potential to develop new products and markets to meet customers’ needs and drive profitable growth.

Top Tips for a Successful Renewal

Be better informed on the key reinsurance market trends to drive profitable growth and create a stronger and more sustainable global re/insurance industry.

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Aon's Better Being Podcast

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.

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Expert Views on Today's Risk Capital and Human Capital Issues

Construction and Infrastructure

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.

Cyber Labs

Stay in the loop on today's most pressing cyber security matters.

Cyber Resilience

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.

Employee Wellbeing

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.

Environmental, Social and Governance Insights

Explore Aon's latest environmental social and governance (ESG) insights.

Q4 2023 Global Insurance Market Insights

Our Global Insurance Market Insights highlight insurance market trends across pricing, capacity, underwriting, limits, deductibles and coverages.

Regional Results

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.

Human Capital Analytics

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.

Insights for HR

Explore our hand-picked insights for human resources professionals.

Workforce

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.

Mergers and Acquisitions

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.

Navigating Volatility

How do businesses navigate their way through new forms of volatility and make decisions that protect and grow their organizations?

Parametric Insurance

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.

Pay Transparency and Equity

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.

Property Risk Management

Forecasters are predicting an extremely active 2024 Atlantic hurricane season. Take measures to build resilience to mitigate risk for hurricane-prone properties.

Technology

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.

Top 10 Global Risks

Trade, technology, weather and workforce stability are the central forces in today’s risk landscape.

Trade

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.

Weather

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.

Workforce Resilience

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.

Explore Past Reports

  • Time to Lean into Risk

    Time to Lean into Risk

    The Ultimate Guide to the January 2025 renewal contrasts the robust financial results of the reinsurance industry against a backdrop of insurer losses and increasing complexity of risk. The industry has untapped growth potential with the key ratio of global insurance premium to GDP at 1.8 percent since 2010, despite exposure growth and unmet client need.

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  • Orderly Mid-year for Improved Results

    Orderly Mid-year for Improved Results

    Mid-year renewals have further consolidated the positive trends at 1/1 and 4/1, setting the stage for a more competitive reinsurance market in 2025. However, the market emerging from last year’s global reset is more dynamic so the ability to make informed decisions quickly, supported by data and analytics, will be key to navigating the market going forward.

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  • Supply-Demand Dynamic at Tipping Point

    Supply-Demand Dynamic at Tipping Point

    Reinsurance renewals at April 1 consolidated the progress made at 1/1, as ample capacity and increased competition for catastrophe reinsurance led to improved outcomes for the majority of insurers. The renewal signaled a further improvement in conditions and sets the stage for a more comprehensible reinsurance market at mid-year and into 2025. April 1 is a key renewal for Asia with about 60% of Asia treaty business renewing.

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  • Differentiation Yielding Results in a Challenging Market

    Differentiation Yielding Results in a Challenging Market

    The January 1, 2024 treaty renewal proceeded relatively smoothly, as a rebound in profitability, rebuilding capital positions and greater availability of retrocession capacity encouraged many reinsurers to display increased appetites at the enhanced terms established in 2023. Higher primary insurance pricing provided support in most areas, offset by continued uncertainty around the impact of climate change, inflation, litigation funding and geopolitical risk on ultimate loss costs.

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Solutions and Insights

Delivering value for insurance industry clients with more relevant and impactful solutions and insights to meet their strategic goals.

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Reinsurance Market Dynamics

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