Reinsurance Thought Leadership | Aon (2024)

Apr 29, 2024
Impact Forecasting

Global Catastrophe Recap - Q1 2024

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.

Apr 12, 2024
Reinsurance

Electric Vehicles Driving Australia Towards Net Zero

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

Download the Whitepaper

Apr 01, 2024
Reinsurance

Reinsurance Market Dynamics: April 2024

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.

Mar 27, 2024
Reinsurance

Insurance Industry Readiness for Advance Technologies and Generative AI

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.

External Document

Feb 15, 2024
Reinsurance

ILS Q4 2023 Quarterly Update

Insurers and reinsurers leveraged alternative capital in 2023 more than any year in the history of the (re)insurance market. In 2023, alternative capital crossed the $100 billion threshold, representing an increase of more than 7% from the year prior. As property reinsurance pricing exceeded levels not seen in several years, insurers and reinsurers were grateful for the opportunity to diversify their purchase with Insurance-Linked Securities. ILS investors benefited from the highest risk-adjusted margins in over a decade, offering well-priced capacity to cedents during a year in which the North Atlantic hurricane season resulted in muted losses, further enhancing returns. Elevated riskadjusted margins along with strong collateral returns have provided the best performing years in the market’s 20-plus year history.

Jan 03, 2024
Reinsurance Market Dynamics

Reinsurance Market Dynamics: January 2024

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.

Dec 01, 2023
Reinsurance

2023 Insurance Risk Study

Now in it's 18th year, theInsurance 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.

Nov 02, 2023
Reinsurance

Homeowners Return on Equity Outlook 2023

This reportdiagnoses the state of the current homeowners market and identifies key headwinds and tailwinds to monitor through the prospective period.We explore how insurance carriers achieved strong forward momentum through rate action to help combat elevated residual inflationary pressures from the recent period and improve the overall prospective ROE.

Oct 19, 2023
Impact Forecasting

Global Catastrophe Recap - Q3 2023

Global insured losses from natural disaster events have reached $88 billion so far in 2023. This is 17% higher than average, driven in Q3 by U.S. and Italian severe convective storms (SCS) and the Maui wildfire.In response, Aon’s Q3 2023 Catastrophe Recap deep dives into global events to help you navigate volatility, enhance resilience and make better decisions.

Oct 13, 2023
Evolving Criteria

Evolving Criteria – Rating Agency and Regulatory Developments

Rating agencies are adjusting their outlooks and placing increased scrutiny on insurer performance metrics..Aon’s annual Evolving Criteriareport helps insurers be better informed on the changes to the credit rating and regulatory environment that may impact their rating positions and goals.

Sep 21, 2023
Cyber

2022 U.S. Cyber Market Update

The eighth edition of Aon’s U.S. Cyber Market Update covers the Cyber insurance industry’s 2022 performance based on data from the NAIC statutory filing supplement. The report provides performance benchmarking insights and perspective on the industry experience for insurers that offer Cyber insurance, as well as those seeking to offer it.

Sep 07, 2023
Reinsurance

Ultimate Guide to the Reinsurance Renewal 2023

The reinsurance market is now in a more sustainable position, with rate adequacy for property catastrophe and strong investment returns already driving better results in the first half, despite above average industry natural catastrophe losses.

With the majority of property catastrophe programs renewing on January 1, we provide an assessment of demand-supply trends and successful renewal top tips to help insurers navigate volatility and make better decisions as we approach January renewals.

Aug 31, 2023
Reinsurance

ILS Annual Report September 2023

The period from July 2022 to June 2023 was illustrative of the ILS market’s resilience in the face of both significant catastrophic activity and persistent macroeconomic headwinds.2023 began with the largest first half issuance volume on record and is further trending towards a record-breaking calendar year.Increased catastrophe bond yields have created an ideal environment for investors to raise capital. Overall, ILS capital reached $100 billion in 2023.Further, client demand remains as strong as ever—the cat bond market continues to see a diverse group of returning and new sponsors, including nine first-time sponsors. Transactions continue to feature broad risk profiles with varying ranges of expected loss, regions of coverage, and perils.

Jul 20, 2023
Impact Forecasting

Global Catastrophe Recap: 1H 2023

As severe convective storms drove insured losses over the last six months, Aon’s First Half of 2023 Catastrophe Recap deep dives into global events to help you navigate volatility, enhance resilience and make better decisions.

Jul 17, 2023
Market Analysis

Lloyd's Market Update

Lloyd’s has strong forward momentum under a senior leadership team that has successfully guided the market through a very challenging period and is thinking very strategically about its global role. Aon’s Lloyd’s Market Update provides a comprehensive update at a positive moment in the evolution of this unique marketplace.

Jul 11, 2023
Market Analysis

Catastrophe Risk Tolerance Study: Year-end 2022

In 2022, insured losses from natural disasters reached $132B – marking the fifth costliest year for insurers on record. Reductions in capital combined with hard reinsurance property catastrophe market caused a notable increase in catastrophe tolerance disclosures while insurers retain more property catastrophe risk across the globe.

Jun 29, 2023
Reinsurance

Reinsurance Market Dynamics: June / July 2023

With the majority of property catastrophe accounts in Florida and Australia renewing at June 1 and July 1, the mid-year is always an important date in the reinsurance renewal calendar. After a turbulent January 1, which saw a major shift in reinsurer appetite, a sense of order returned to renewals at the mid-year.

Jun 22, 2023
Reinsurance

Transformative Trends

Transformative trends are shaping the future risk landscape, creating $200+ billion of market potential for insurers by 2030. The top 10 opportunities will enable insurers to respond to customer demand while increasing the industry’s relevance, growth and diversification. To capture this growth, insurers need to understand relevant trends and begin transforming their businesses through product development, talent and business culture.

May 18, 2023
Reinsurance

ILS Q1 2023 Quarterly Update

After a difficult Q4 2022, the catastrophe bond market has reassumed its growth trajectory during the first quarter of 2023. Transaction sizes have increased markedly from the second half of 2022, with total deal sizes YTD 67% greater on average than those issued during H2 2022. Further, whilst pricing remains elevated from levels achieved in 2021, it has tightened during the first three months of 2023 from peak levels seen at year-end 2022, a development welcomed by insurers and reinsurers, alike, particularly at a time when pricing in the reinsurance and retrocession markets remain heightened relative to the prior decade.

Apr 18, 2023
Reinsurance

Aon’s Reinsurance Aggregate FY 2022 Results

Aon's latest report series tracking the financial performance of leading reinsurance carriers in the global market for the full year to 31 December 2022.

Apr 13, 2023
Impact Forecasting

Global Catastrophe Recap - Q1 2023

Preliminary estimate of global natural disaster losses for the first quarter of 2023 was well above the
average when compared to the 21st Century baseline ($53 billion) and significantly higher than the
median ($38 billion), which is not skewed by the record year of 2011. As of mid-April, total economic
losses in Q1 of 2023 are estimated to reach at least $63 billion.

Apr 04, 2023
Reinsurance Market Dynamics

Reinsurance Market Dynamics: April 2023

The imbalance in property catastrophe reinsurance demand and supply at January 1 showed signs of easing at the April 1 renewal, where we were able to place property catastrophe limits, albeit at a price and with higher retentions. With mid-year renewal negotiations now underway, the demand-supply balance is delicately poised, yet we are optimistic that the market is now on a more stable footing following a turbulent 1/1.

Mar 06, 2023
Reinsurance

Aon Securities ILS Market Update

Jan 25, 2023
Impact Forecasting

2023 Weather, Climate and Catastrophe Insight

As climate change impacts the frequency and severity of costly weather events across the globe, the impact is tangible, immediate and measurable. With this challenge comes opportunity. Aon’s 2023 Weather, Climate and Catastrophe Insight better informs readers to identify natural disaster trends and make better decisions to manage volatility and enhance global resilience. This year, we investigate how to de-risk climate innovation and unlock opportunity to build a resilient future for the communities in which we live and work.

Jan 18, 2023
Reinsurance Market Dynamics

Reinsurance Market Dynamics: January 2023

The January 2023 renewal marks a turning point for the reinsurance market, signaling a new reality for buyers. It was the most challenging January 1 renewal in a generation as the reinsurance market underwent a fundamental shift in pricing and risk appetite, especially for property catastrophe risk.

Oct 18, 2022
Reinsurance

Inflationary Trends Report - October 2022

Our latest Inflationary Trends Report reveals;

1. US headline inflation fell from 8.3% to 8.2% with building materials prices for the most part continuing their gradual decrease, measured through the Aon Indices now just below 11%.
2. On a global basis, inflation continues to worsen in Europe with Germany and the UK leading the way with inflation readings of 10+%.

Oct 18, 2022
Impact Forecasting

Global Catastrophe Recap - Q3 2022

Heatwaves and drought conditions gripped large parts of Europe and China as they experienced extended summers. The last month of the quarter, however, was characterized by intense tropical cyclones with Hurricane Ian and Fiona in the Atlantic Basin and Super Typoon Noru and Nanmadol in Western Pacific. Preliminary year-to-date economic losses were $227 billion (including an initial view of Hurricane Ian) with insurers expected to cover $99 billion.

Oct 17, 2022
Reinsurance

Aon's Reinsurance Aggregate 1H 2022 Results

Aon's latest report series tracking the financial performance of leading reinsurance carriers in the global market for the first six months of 2022.

Oct 03, 2022
Reinsurance

Homeowners Return on Equity Outlook - 2022

After two decades of measuring and reporting on the health of the homeowners line, it has never hit our 10 percent ROE benchmark hurdle (based on a prospective actuarial basis).The homeowners line continues to face challenging headwinds that require unique strategies to attain a reasonable ROE.In our latest Homeowners Return On Equity Outlook we review some of the key headwinds and tailwinds that insurers will need to account for in of the upcoming year.

Sep 29, 2022
Evolving Criteria

Evolving Criteria – Rating Agency and Regulatory Developments

These are changing times for the (re)insurance sector, a point that is increasingly reflected in the busy agenda of ratings agencies, insurance supervisors, regulators and policy makers. Macro-economic volatility, climate change, emerging risks and market uncertainties are all on their radars, with potential implications for (re)insurer capital and credit ratings. The annual Evolving Criteria report highlights the most important developments to help insurers stay informed on the pressing changes to the credit rating and regulatory environment that may impact their rating position and goals.

Sep 08, 2022
Reinsurance

Ultimate Guide to the Reinsurance Renewal

The reinsurance market is facing a unique combination of market uncertainties. With a majority of property reinsurance programs renewing on January 1, we explore the challenges as some reinsurers reduce their appetite for catastrophe risk and reveal how to achieve portfolio differentiation in an evolving market.

Sep 05, 2022
Insurance-Linked Securities

ILS Annual Report 2022

Aon’s annual report aims to offer an authoritative, insightful review and analysis of the ILS asset class and related developments in the market. Itsfindings can assist re/insurers, government organizations, and corporations in their decisions as to whether to incorporate or augment insurance-linked securities in their risk transfer programs.

Sep 01, 2022
Reinsurance

2022 Insurance Risk Study

Now in it's 17th year, theInsurance 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.

Aug 31, 2022
Cyber

2022 U.S. Cyber Market Update

The seventh edition of Aon’s U.S. Cyber Market Update covers the Cyber insurance industry’s 2021 performance based on data from the NAIC statutory filing supplement. The report provides performance benchmarking insights and perspective on the industry experience for insurers that offer Cyber insurance.

Aug 18, 2022
Reinsurance

Inflationary Trends Report - August 2022

As inflation remains at its highest level in decades – Aon’s Inflationary Trends Report reveals key monthly insights driving inflation and explores how this impacts insurers’ pricing, claims management and reinsurance needs and the options to navigate this fluctuating landscape.

Jul 19, 2022
Impact Forecasting

Global Catastrophe Recap: 1H 2022

To better understand emerging trends, navigate volatility and enhance resilience measures, Aon releases the 1H 2022 edition of its Quarterly Catastrophe Recap report to evaluate the impact of the global natural disasters from January – June 2022.Our mid-year analysis aims to give readers a preliminary view of how weather, climate, and other natural catastrophe events have shaped the first half of the year from a financial and humanitarian perspective. Such information is key to deploy better decision making as the calendar heads towards key renewal seasons for the re/insurance industry.

Jun 29, 2022
Reinsurance

Reinsurance Market Dynamics: June and July Renewals

Reinsurance buyers faced a near-perfect storm in June and July, as capacity constraints collided with rising demand for reinsurance protection. Despite these challenges, the majority of insurers were ultimately able to satisfy their reinsurance needs. The Reinsurance Market Dynamics report covers the role of inflation and investment market volatility on supply and demand patterns during June and July renewals.

Jun 28, 2022
Market Analysis

Catastrophe Risk Tolerance Study: Year-end 2021

As the reinsurance industry contends with new forms of volatility, Aon’s 2021 Catastrophe Risk Tolerance Study examines the catastrophe risk disclosures of 81 publicly traded global (re)insurers to provide clients with benchmarking insight for better informed reinsurance program and risk tolerance strategies.

Jun 17, 2022
Reinsurance

Inflationary Trends Report - June 2022

As inflation remains at its highest level in decades – Aon’s Inflationary Trends Report reveals key monthly insights driving inflation and explores how this impacts insurers’ pricing, claims management and reinsurance needs and the options to navigate this fluctuating landscape.

May 25, 2022
Reinsurance

Aon's Reinsurance Aggregate 2021 Results

Aon’s latest report analyses the financial performance of 22 of the world’s leading reinsurers in the first half of 2021.

May 16, 2022
Insurance-Linked Securities

Aon Securities Q1 2022 Update

Aon’s latest report aims to offer an authoritative, insightful review and analysis of the ILS asset class and related developments in the market. Itsfindings can assist re/insurers, government organizations, and corporations in their decisions as to whether to incorporate or augment insurance-linked securities in their risk transfer programs.

May 13, 2022
Reinsurance

Inflationary Trends Report - May 2022

As inflation remains at its highest level in decades – Aon’s monthly Inflationary Trends Report reveals the key monthly insights and explores how this impacts insurers’ pricing, claims management and reinsurance needs and the options to navigate this fluctuating landscape.

Apr 28, 2022
Reinsurance Market Dynamics

Reinsurance Market Outlook: April 2022

Beyond the broader measures affecting the macro dynamics of most markets, Aon’s Reinsurance Market Outlook report covers several factors impacting both supply and demand including Standard & Poor’s upcoming model changes, real and social inflation, new risks emerging from PFAS and other chemicals, secondary peril considerations and climate change.

Apr 21, 2022
Reinsurance

Update from AM Best’s 2022 Review & Preview Conference

Aon's Rating Agency Advisory Team shares their view on the key take points from AM Best's29th annual Review & Preview insurance ratings conference.

Apr 19, 2022
Reinsurance

Accelerating the Race to Net Zero Through Gender Equity

Strategies for more equitable corporate climate action

Apr 14, 2022
Reinsurance

Inflationary Trends Monthly Report – Property

Aon explores what’s driving property inflation, how it impacts insurance and to how insurers can navigate this fluctuating landscape.

Apr 12, 2022
Impact Forecasting

Global Catastrophe Recap - Q1 2022

The report reveals that the period under review saw significant natural hazard activity occurring in Western and Central Europe (Windstorms Dudley/Ylenia, Eunice/Zeynep, and Franklin/Antonia), Australia (East Coast Floods), Japan (March 16 Earthquake), and the United States (Severe Convective Storms). The preliminary Q1 overall economic loss was $32 billion. Public and private insurers covered $14 billion of this total.

Mar 10, 2022
Reinsurance

MGAs - A Market on the Move

Incumbent MGAs are expanding their share of business across the property & casualty market while start-ups keep growing in number

Feb 15, 2022
Insurance-Linked Securities

ILS Q4 Update

The cat bond market demonstrated strength on strength and finished the year strongly to post a secondconsecutive record-breaking year of issuance volume at $12.50 billion, exceeding the previous record of $11billion set in 2020. The market was driven largely by a combination of new and repeat sponsors, increases in dealvolumes, record maturities and spread compression. Over $10.15 billion in maturities combined with healthy ILSManager cash positions led to an attractive primary market and record issuance volume.

Jan 25, 2022
Impact Forecasting

Global Catastrophe Recap December 2021

Aon's Impact Forecasting team's latest edition of its Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during December to help identify trends, manage volatility, and enhance resilience.

Jan 25, 2022
Impact Forecasting

2021 Weather, Climate and Catastrophe Insight

As the world wakes up to the effects of a changing climate, organizations have to be better informed if they are to make the right decisions for their future. The 2021 Weather, Climate and Catastrophe Insight investigates how best to build for the long-term while tackling the immediate challenges of a volatile world.

Jan 12, 2022
Market Analysis

U.S. Collateral Reform Update - Jan 2022

Aon's Market Security and Analysis team has created this report to provide on update on collateral reform in the U.S. and includes an update on the “Covered Agreement” which will dictate collateral requirements (among other things) between the U.S. and EU.

Dec 15, 2021
Reinsurance

Summary of S&P’s Proposed Insurer Risk-Based Capital Adequacy Model

On December 6th, S&P issued the first draft material update to their Risk-Based Capital Adequacy methodology in more than 10 years. It is comprehensive and covers all aspects of the original criteria. S&P expects that up to 10% of ratings may move, with likely more upgrades than downgrades. The proposals will impact the underlying Capital and Earnings assessment, with possible changes for up to 35% of insurers.

Dec 14, 2021
Impact Forecasting

Global Catastrophe Recap November 2021

Aon's Impact Forecasting team's latest edition of its Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during November to help identify trends, manage volatility, and enhance resilience.

Dec 07, 2021
Cyber

Cyber Insights for Insurers Q3 2021

Welcome to Cyber Insights for Insurers, from the Cyber Practice Group for Aon’s Reinsurance Solutions business. As always, we aim to equip you with relevant trends and analysis to enhance your cyber insurance underwriting, portfolio management and claims handling, plus prepare you for changes in privacy law, the regulatory environment and the threat environment.

Nov 18, 2021
Reinsurance

Aon and Lloyd's Market Association Survey 2021

The first market insights report produced as a collaboration between Aon and Lloyd’s Market Association (LMA), with the aim of providing LMA members with an overview of how capital and business strategy are connected within the Lloyd’s market.

Nov 10, 2021
Impact Forecasting

Global Catastrophe Recap October 2021

Aon's Impact Forecasting team's latest edition of its Global Catastrophe Recap report, which evaluates the impact of the natural disaster events thatoccurred worldwide during October to help identify trends, manage volatility, and enhance resilience.

Nov 02, 2021
Reinsurance Market Dynamics

Reinsurance Market Outlook: Fall 2021

2020 marked the start of a different trading environment for the industry and the value of risk transfer through reinsurance remains strong as the primary market focuses on growth, digital distribution, capital optimization strategies and a customized, data driven approach to understanding risk.

Nov 01, 2021
Reinsurance

2021 Homeowners ROE

The annual Homeowners ROE report delivers a prospective assessment on the US homeowners market where clients can use the analysis to benchmark their performance against the national average and individual states where they write business.

Oct 28, 2021
Impact Forecasting

5 Things That the Insurance Industry Knows about Climate Change – That You Should, Too!

Significant trends and impacts from climate change that you should know.

Oct 28, 2021
Impact Forecasting

Real-Time Climate Change

As the world contemplates a changing climate, we must examine the impact we are already experiencing today and the steps to prepare right now. The report delves into three recent examples of key perils that already show the fingerprints of climate change.

Oct 14, 2021
Reinsurance

Wildfire Risk in the United States

Wildfire risk in the United States is an important peril for the insurance industry and beyond. The physical and non-physical risks posed by the climate change, and the location of where we build new homes compels homeowners, policymakers and insurers to rethink how wildfire is managed.

Oct 11, 2021
Impact Forecasting

Global Catastrophe Recap - September 2021

The latest edition of the Global Catastrophe Recap evaluates the impact of the natural disaster events that occured worldwide during September to help identify trends, manage volatility and enhance resilience.

Sep 30, 2021
Insurance-Linked Securities

ILS Annual Report 2021

Aon’s latest report aims to offer an authoritative, insightful review and analysis of the ILS asset class and related developments in the market. Itsfindings can assist re/insurers, government organizations, and corporations in their decisions as to whether to incorporate or augment insurance-linked securities in their risk transfer programs.

Sep 28, 2021
Evolving Criteria

Evolving Criteria Annual Global Recap September 2021

Evolving Criteria summarizes the key global rating agency developments and regulatory changes over the last year.

Sep 22, 2021
Market Analysis

Aon’s Reinsurance Aggregate 1H 2021 Results

Aon’s latest report analyses the financial performance of 22 of the world’s leading reinsurers in the first half of 2021.

Sep 10, 2021
Impact Forecasting

Global Catastrophe Recap - August 2021

Aon's Impact Forecasting team's latest edition of its Global Catastrophe Recap report, which evaluates the impact of the natureal disaster events that occurred worldwide during August to help identify trends, manage volatility, and enhance resilience.

Aug 31, 2021
Cyber

Cyber Insights for Insurers - Q2 2021 Review

This edition of the Cyber Insights for Insurers examines recent high-profile ransonware incidents and how governments around the world are taking action. The Q2 Review also looks at the most recent cloud attack trends and their resulting cloud provider down time.

Aug 11, 2021
Impact Forecasting

Global Catastrophe Recap - July 2021

Aon's Impact Forecasting team's latest edition of its Global Catastrophe Recap report, which evaluates the impact of the natureal disaster events that occurred worldwide during August to help identify trends, manage volatility, and enhance resilience.

Aug 04, 2021
Insurance-Linked Securities

Aon Securities ILS Q2 2021 Update

The Aon Securities ILS Q2 2021 Update provides an overview of the activity in the insurance-linked securities sector during the second quarter of the year.

Jul 29, 2021
Impact Forecasting

Prolonged U.S. Freeze & Winter Weather Report

Aon's Impact Forecasting team's U.S. Freeze & Winter Weather Event report, which evaluates the impact of extreme cold weather that occurred during February 2021 to help identify trends, manage volatility and enhance resilience.

Jul 21, 2021
Impact Forecasting

Global Catastrophe Recap: 1H 2021

Aon's Impact Forecasting team's latest edition of its Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during the first half of 2021 to help identify trends, manage volatility, and enhance resilience.

Jul 20, 2021
Reinsurance Market Dynamics

Reinsurance Market Outlook: July 2021

Reinsurers reported solid earnings in Q1 2021, with Aon’s Reinsurance Aggregate ending the period with an estimated combined ratio at 96.6%, benefiting from previous rate increases. Global reinsurance capital remained flat compared to Q4 2020 at $650 bn. Alternative capital filled the $2 bn decline in traditional capital to end the quarter at $96 bn and $554 bn respectively.

Jul 13, 2021
Impact Forecasting

Global Catastrophe Recap – June 2021

Aon's Impact Forecasting team's latest edition of its Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during June to help identify trends, manage volatility, and enhance resilience.

Jul 01, 2021
Market Analysis

Catastrophe Risk Tolerance Study: Year-end 2020

Aon's Catastrophe Risk Tolerance Study examines the catastrophe risk public disclosures of 88 insurance groups in four different sectors. The findings include the actual risk disclosures filed by each company and examines the variance of catastrophe risk exposures and tolerances in recent years.

Jun 10, 2021
Impact Forecasting

Global Catastrophe Recap - May 2021

Aon's Impact Forecasting team's latest edition of its Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during May to help identify trends, manage volatility, and enhance resilience

Jun 09, 2021
Cyber

2021 US Market Cyber Update

Aon’s sixth edition of the US Cyber Market Update report provides insights, benchmarks, and analyses, for established and prospective cyber insurers.

May 11, 2021
Impact Forecasting

Global Catastrophe Recap - April 2021

Aon's Impact Forecasting team's latest edition of its Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during April to help identify trends, manage volatility, and enhance resilience

May 04, 2021
Insurance-Linked Securities

Aon Securities ILS Q1 2021 Update

The Aon Securities ILS Q1 2021 Update provides an overview of the activity in the insurance-linked securities sector during the first quarter of the year

Apr 21, 2021
Cyber

Cyber Insights for Insurers - Q4 2020 / Q1 2021 Review

Q2/Q3 review including relevant trends; analysis to enhance cyber insurance underwriting, portfolio management and claims handling; preparation for changes in privacy law, regulatory environment and the threat environment.

Apr 15, 2021
Reinsurance

Aon’s Reinsurance Aggregate (ARA) FY 2020

Aon’s Reinsurance Aggregate (ARA) FY 2020. Results for the Year to December 31, 2020

Apr 13, 2021
Market Analysis

Aon's Reinsurance Aggregate FY 2019

Aon’s latest report summarizes the financial performance of 23 of the world’s leading reinsurers for the year to December 31, 2019. The report establishes a useful ‘baseline’ from which to assess the potential impacts of COVID-19 on the reinsurance sector.

Apr 08, 2021
Impact Forecasting

Global Catastrophe Recap - March 2021

Aon's Impact Forecasting team's latest edition of its Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during February to help identify trends, manage volatility, and ehance resilience

Mar 11, 2021
Impact Forecasting

Global Catastrophe Recap – February 2021

Aon's Impact Forecasting team's latest edition of its Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during February to help identify trends, manage volatility, and enhance resilience.

Feb 24, 2021
Global Insurance Market Opportunities

A new era for China Critical Illness Products

The revised critical illness definition and Industry CI Experienced Rate Table 2020 reflect the progress of medical technology and the product evolution in recent years

Feb 09, 2021
Impact Forecasting

Global Catastrophe Recap – January 2021

Aon's Impact Forecasting team's latest edition of its Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during January 2021 to help identify trends, manage volatility and enhance resilience

Feb 02, 2021
Insurance-Linked Securities

Aon Securities Q4 2020 Update

Aon Securities Q4 2020 Update

Jan 25, 2021
Impact Forecasting

Weather, Climate & Catastrophe Insight: 2020 Annual Report

As climate change further influences the behavior of weather events, more people move into known hazard risk areas, and global wealth further accelerates, the humanitarian and financial impact from natural disasters is expected to grow. This will require new climate resilience and mitigation strategies to navigate new forms of volatility, rethink access to capital, and reduce the protection gap as risks are amplified in an increasingly interconnected world.

Jan 24, 2021
Impact Forecasting

Global Catastrophe Recap - December 2020

Aon's Impact Forecasting team's latest edition of its Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during January 2021 to help identify trends, manage volatility, and enhance resilience.

Jan 06, 2021
Reinsurance Market Dynamics

Reinsurance Market Outlook: January 2021

Despite record-setting hurricane landfall in the U.S. and uncertainty about the impact of COVID-19 in some lines, the reinsurance market operated in an orderly and efficient manner for January renewals. Virtual market trading did not impact the industry’s ability to efficiently trade through the major reinsurance renewal date of the year. New capital raises and primary market pricing trends mitigated further market dislocation as renewals evolved through January 1 despite recent years earnings results, U.S. catastrophe loss activity and interest rate challenges for reinsurers.

Dec 10, 2020
Impact Forecasting

Global Catastrophe Recap - November 2020

Aon's Impact Forecasting team's latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during November 2020 to help identify trends, manage volatility, and enhance resilience

Nov 17, 2020
Global Insurance Market Opportunities

Trading during volatile times: Reinsurer performance and strategy

Reinsurance is an inherently volatile industry, and reinsurers must strike a balance between the needs of their cedants and the needs of their shareholders. Developing a strategy and portfolio that delivers the right risk reward trade-off is key.

Nov 10, 2020
Impact Forecasting

Global Catastrophe Recap - October 2020

Aon's Impact Forecasting team's latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during October 2020 to help identify trends, manage volatility, and enhance resilience.

Nov 09, 2020
Global Insurance Market Opportunities

What’s going on in China’s InsurTech space?

The Chinese insurance market has a 13% Compound Annual Growth Rate; it is the second largest insurance market in the world with 10% market share and is forecasted to become the largest by the mid-2030s – overtaking the current leader, the United States, which holds 39% market share based on data from the Insurance Information Institute.

Nov 02, 2020
Cyber

Cyber Insights for Insurers - Q2/Q3 Review

Q2/Q3 review including relevant trends; analysis to enhance cyber insurance underwriting, portfolio management and claims handling; preparation for changes in privacy law, regulatory environment and the threat environment.

Oct 28, 2020
Reinsurance

2020 Homeowners Return on Equity Outlook

Aon's Reinsurance Analytics Team's annual HO ROE Outlook is a prospective report on the health and direction of the homeowners market. We replace actual historical catastrophe losses as measured by Property Claims Services with a modeled view of expected catastrophe loss. This year's report assesses the impact of COVID-19, catastrophe losses as a result of wind storms, wildfires, and hurricanes, as well as the business trends driving the future of the homeowners line of business.

Oct 13, 2020
Global Insurance Market Opportunities

2020 Insurance Risk Study

The Insurance Risk Study, now in its 15th year, has evolved from its beginnings as a quantification study for enterprise risk management. We now takean expansive view of many issues related to risk, encompassing the growth dynamics, emerging risks, and operational challenges for insurers globally.

Oct 08, 2020
Impact Forecasting

Global Catastrophe Recap - September 2020

Aon's Impact Forecasting team's latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during September 2020 to help identify trends, manage volatility, and enhance resilience.

Sep 28, 2020
Insurance-Linked Securities

ILS Annual Report 2020 - Alternative Capital: Growth Potential and Resilience

The ILS annual report analyses the key trends witnessed in the past 12 months, and also provides an overview of related markets and topical issues.

Sep 23, 2020
Market Analysis

Aon’s Reinsurance Aggregate 1H

Capital position remains robust after a strong capital market recovery in the second quarter. Aon’s latest report summarizes the financial performance of 23 of the world’s leading reinsurers in the first half of 2020.

Sep 22, 2020
Reinsurance

Uniting catastrophe and climate models to enhance risk management in a warming world

Combining results from catastrophe and climate risk models provides clarity on the impact adaptation investments, portfolio risk profiles, real estatevalues and insurability.

Sep 15, 2020
Reinsurance Market Dynamics

Reinsurance Market Outlook: September 2020

Even as markets continue to evolve in the wake of COVID-19, reinsurance remains an accretive form of capital for insurers in managing volatility. Increased risk transfer over the last six months has demonstrated the value reinsurance provides to actively trade risks in the market.

Sep 10, 2020
Impact Forecasting

Global Catastrophe Recap – August 2020

Aon's Impact Forecasting team's latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during August 2020 to help identify trends, manage volatility, and enhance resilience.

Aug 25, 2020
Market Analysis

Evolving Criteria - Annual Global Recap

Evolving Criteria summarizes the key global rating agency developments and regulatory changes over the last year.

Aug 05, 2020
Impact Forecasting

Global Catastrophe Recap - July 2020

Aon's Impact Forecasting team's latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during July 2020 to help identify trends, manage volatility, and enhance resilience

Jul 27, 2020
Insurance-Linked Securities

Aon Securities ILS Q2 2020 Update

The Aon Securities ILS Q2 2020 Update provides an overview of the activity in the insurance-linked securities sector during the second quarter of theyear.

Jul 22, 2020
Impact Forecasting

Global Catastrophe Recap 1H 2020

Aon's Impact Forecasting's latest edition of its Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during the first half of 2020 to help identify trends, manage volatility, and enhance resilience

Jul 10, 2020
Reinsurance Market Dynamics

Reinsurance Market Outlook: June-July 2020

Despite different market dynamics than in many past renewals, insurers were able to secure needed limit in the face of already reported COVID-19 related claims, future uncertainty regarding macroeconomic trends and premium volume impact from COVID-19 for the longer term.

Jul 09, 2020
Impact Forecasting

Global Catastrophe Recap - June 2020

Aon's Impact Forecasting team today launches the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during June 2020 to help identify trends, manage volatility, and enhance resilience.

Jun 30, 2020
Global Insurance Market Opportunities

Navigating the new normal - Virtual reinsurance claim audits are the wave of the future

There has been an increasing trend towards conducting audits electronically allowing the auditors to review files in a virtual setting.

Jun 17, 2020
Global Insurance Market Opportunities

Virtual claims in a post COVID-19 world

Insurers are seeking to solve the problem of how to manage claims remotely to maintain or even enhance the level of service for customers. How can youthrive through virtual inspections?

Jun 11, 2020
Cyber

2020 US Market Cyber Update

Aon’s fiifth edition of the US Cyber Market Update report provides insights, benchmarks, and analyses, for established and prospective cyber insurers.

Jun 09, 2020
Impact Forecasting

Global Catastrophe Recap - May 2020

Aon's Impact Forecasting team Global Catastrophe Recap report, evaluates the impact of the natural disaster events that occurred worldwide during May2020 to help identify trends, manage volatility, and enhance resilience.

May 18, 2020
Cyber

Cyber Insights for Insurers - Q1 2020

The Cyber Insights for Insurers newsletter – May2020 from Aon’s Reinsurance Solutions business equips readers with relevant trends for cyber underwriting and portfolio management, based on the latest developments in the threat and claims/regulatory landscape.

May 07, 2020
Impact Forecasting

Global Catastrophe Recap - April 2020

Aon's Impact Forecasting team's latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during April 2020 to help identify trends, manage volatility, and enhance resilience.

Apr 24, 2020
Insurance-Linked Securities

Aon Securities ILS Q1 2020 Update

The Aon Securities’ ILS Q1 2020 Update provides an overview of the activity in the insurance-linked securities sector during the first quarter of theyear

Apr 23, 2020
Reinsurance Market Dynamics

Reinsurance Market Outlook: April 2020

Despite market and economic uncertainty renewals in April reflected the strong capital position of the market pre-COVID-19 and centered around strongunderwriting principles. Markets experiencing higher losses in the prior year saw some rate adjustment while others renewed commensurate with renewals earlier in the year. Concerns remain regarding the short- and long-term impacts of COVID-19, perhaps most distressing among them the potential impact of sweeping regulatory mandates that would impair the industry.

Apr 22, 2020
Impact Forecasting

The seismic impact on the protection gap

In 2015, the M7.8 Gorkha earthquake devastated Nepal causing more than USD175 million insured losses – but this was a fraction of the economic losses that reached USD5.1 billion.Five years on, we recap on the event, explore lessons learnt and reveal how Aon’s new catastrophe model can support in the future.

Apr 09, 2020
Impact Forecasting

Global Catastrophe Recap - March 2020

Aon's Impact Forecasting team's latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during March 2020 to help identify trends, manage volatility, and enhance resilience.

Mar 09, 2020
Impact Forecasting

Global Catastrophe Recap - February 2020

Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during February 2020 to help identify trends, manage volatility, and enhance resilience.

Mar 02, 2020
Cyber

Cyber Insights for Insurers - Q4 2019

The Cyber Insights for Insurers newsletter – February 2020 from Aon’s Reinsurance Solutions business equips readers with relevant trends for cyber underwriting and portfolio management, based on the latest developments in the threat and claims/regulatory landscape.

Feb 20, 2020
Reinsurance

Once in a lifetime: what made Hurricane Dorian unique

While the geographical extent of this Category 5 event was limited mainly to the islands of Abaco and Grand Bahamas, the record-setting landfall intensity and highly unusual storm path and trajectory – in combination with its extensive damage footprint – was so shocking that it reignited debate on whether the Saffir-Simpson Hurricane Wind Scale should be amended to add further categorization that would include such upper-echelon events.

Feb 13, 2020
Reinsurance

The Impact of IFRS 17 on Key Performance Indicators

IFRS 17 is bringing about fundamental changes to insurance companies and with questions on reinsurance accounting now resolved, the spotlight has turned to the future of key performance indicators (KPIs). Aon’s report brings together perspectives from rating agency, investment bank and audit firm experts to help insurance companies as they seek to effectively report the financial health and performance of their business.

Feb 06, 2020
Impact Forecasting

Global Catastrophe Recap - January 2020

Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during January 2020 to help identify trends, manage volatility, and enhance resilience.

Jan 28, 2020
Reinsurance

Harnessing the power of finance to address urgent social challenges

One of the most encouraging and dramatic developments I’ve experienced in the decades I’ve spent working in international finance is the rise of socially responsible investing.

Jan 22, 2020
Impact Forecasting

Weather, Climate & Catastrophe Insight - 2019 Annual Report

How are we building weather and climate reslience for the next decade?

Jan 21, 2020
Impact Forecasting

Global Catastrophe Recap - December 2019

The December edition of Impact Forecasting's monthly Global Catastrophe Recap report evaluates the impact of the natural disaster events that occurredworldwide during December 2019 to help identify trends, manage volatility, and enhance resilience.

Jan 09, 2020
Reinsurance Market Dynamics

Reinsurance Market Outlook: Orderly Renewals Despite New Market Dynamics

New questions during renewal spurred discussions on ‘secondary’ peril loss experience, climate change, and regulatory and legislative impacts as wellas social inflation, reserve levels, and evolving exposures in casualty (among others).

Reinsurance

Guide to Certified and Authorized Reinsurers 2019

The purpose of this Guide is to help U.S. ceding insurers determine the statutory reporting classification of recoverables from both U.S. domiciled assuming insurers (U.S. reinsurers) and non-U.S. domiciled assuming insurers (non-U.S. reinsurers).

Reinsurance

Insurance Linked Securities - Aon Securities 4Q21 Quarterly Report

The cat bond market demonstrated strength on strength and finished the year strongly to post a second
consecutive record-breaking year of issuance volume at $12.50 billion, exceeding the previous record of $11
billion set in 2020. The market was driven largely by a combination of new and repeat sponsors, increases in deal
volumes, record maturities and spread compression. Over $10.15 billion in maturities combined with healthy ILS
Manager cash positions led to an attractive primary market and record issuance volume.