Q2 2021 | Insurance Market Insights

Many of the challenges of 2020 have continued into 2021 notably, poor underwriting performance and the still unclear impact of COVID-19 on the global insurance industry*, while risks such as social inflation may be on the rise. 

The insurance market remains challenging, and insurance pricing continues to increase across most lines and classes globally as COVID-19 continues to impact. The global economic downturn from COVID-19 has resulted in heightened underwriting scrutiny and risk aversion from insurers, who are focused on profitability. However, the extent of pricing increase varies widely by line of business, sector, and renewal versus new business for some classes.

Read the full Aon Q2 2021 Insurance Market Insights here.

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