Insurance Landscape Emphasizes Resilience

Aon's Q4 2023 report highlights 'Resilience' as a key theme in the global insurance landscape, with insurers adapting to challenges through resiliency measures. Economic inflation, supply chain disruptions, and natural disasters impacted property loss costs, while social inflation and emerging automotive technologies reshaped liability landscapes. Regulatory complexities related to insurer solvency and cyber incident disclosures added to the evolving risk environment. In 2024, Aon identifies five key trends, including cybersecurity challenges, clean energy investments, volatile inflation dynamics, demand for parametric covers, and proactive risk management strategies.