208 words…about a minute read

What’s new: In the latest episode of On Aon, Global Chief Broking Officer Cynthia Beveridge and Global Chief Claims Officer Mona Barnes discuss emerging trends in the commercial risk market as it heads towards the crucial January renewals period.

They discuss how the market is becoming increasingly fragmented and explain the factors driving recent developments in claims, including heightened natural catastrophe exposures, macroeconomic and geopolitical pressures, rising cyber ransomware incidents and adverse litigation trends currently unfolding in the U.S.

Experts in this episode:

• Cynthia Beveridge — Global Chief Broking Officer, Commercial Risk
• Mona Barnes — Global Chief Claims Officer, Commercial Risk

Key Takeaways:

1. As organizations approach January renewals, they must adapt to a fragmented and rapidly evolving insurance market by proactively reviewing and strengthening their risk programs.
2. Despite generally favorable pricing, risk buyers face rising claims complexity and costs driven by natural catastrophes, inflation and adverse litigation trends.
3. Success in today’s environment depends on close collaboration with claims advocates and leveraging insurer performance data to build resilient strategies for emerging risks.

Listen for more: The “On Aon” podcast is available on Spotify, Simplecast and Apple Podcasts (iTunes)