On Aon — Episode 92

Title: From Risk to Resilience — What’s Driving the Re/insurance Market

In the latest episode of On Aon, Emma Crookes and Dave Nicholson explore the latest trends in the insurance and reinsurance markets. The conversation covers key trends in Property and Casualty, including the evolving pricing environment, the impact of tariffs and inflation and the significance of natural catastrophe losses in 2025.

Looking ahead, the episode emphasizes the market’s resilience and the importance of addressing emerging and uninsured risks. With disciplined management and robust capital, the industry is well-positioned to navigate future uncertainties and foster a healthy insurance and reinsurance landscape for global clients.

Key Takeaways:

• Reinsurers are leveraging strong capital positions and disciplined management to offer clients effective protection against volatility and large losses.

• The industry is innovating to address emerging and uninsured risks, with substantial opportunities in areas like casualty, real estate and data centers.

• Transparent dialogue and differentiation are increasingly important for insurers and reinsurers as they navigate evolving market conditions and client needs.

Experts in this episode:

• Emma Crookes — Insurance Industry Vertical Leader, Aon (Host)
• Dave Nicholson — Global Client Leader for Reinsurance, Aon

Key moments:

(2:15) Two big property insurance trends to look out for: the impact of inflation and tariffs and natural catastrophe losses

(4:00) While there is pressure in the original property insurance market, it's a very healthy time and a great time to be a reinsurance buyer.

(8:55) A recent Aon report highlighted a $5 billion opportunity in emerging casualty risks. This underscores the potential for growth and innovation within the insurance industry.

Additional Resources:

Relevance Through the Market Cycle: 5 Strategic Imperatives for Insurers to Drive Performance

Soundbites:

Dave Nicholson:

“I think the view of Aon is a healthy insurance and a healthy reinsurance market is good for our clients and good for the world because it creates resiliency.”

Dave Nicholson:

“Then we think with the future potential of increased loss costs, it's a great time to add a little bit more limit on the top of your program to ensure that in the event of a large natural catastrophe, that your capital is well protected.”