Aon | Financial Services Group
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Average Price Per Million decreased 11.1 Percent in the Third Quarter 2024 compared to the Third Quarter 2023
Average Change for Primary Policies with Same Limit and Same Deductible decreased 6.0 percent
Third Quarter Key Metrics and Highlights
- Average price per million decreased 11.1 percent compared to the prior-year quarter.
- Price per million for clients that renewed in both Q3 2024 and Q3 2023 decreased 7 percent.
- 65 percent of primary policies renewing with the same limit and deductible experienced a price decrease; 8 percent had a price increase.
- Overall price change for primary policies renewing with same limit and deductible was down 6 percent.
- 99 percent of primary policies renewed with the same limit.
- 82 percent of primary policies renewed with the same deductible.
- 81 percent of primary policies renewed with the same limit and deductible.
- 94 percent of primary policies renewed with the same carrier.
On October 28th, Aon Commercial Risk Solutions (U.S.) reported the public Directors’ & Officers’ (D&O) liability pricing for the three months ended September 30, 2024.
Each quarter, Aon’s Financial Services Group publishes a pricing index of D&O insurance that tracks premium changes relative to the base year of 2001.
The Pricing Index decreased to 1.12 from 1.26 in the prior-year quarter, the ninth quarterly decrease since Q4 2017. The average cost of $1 million in limits decreased 11.1 percent compared to the prior-year quarter.
The FSG D&O Pricing Index for Q3 2024 is available here (registration required).
About Aon
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