Reinsurance Market Dynamics

Reinsurance Market Dynamics
April 2025 Renewal

Reinsurance Market Dynamics

A competitive reinsurance market resulted in improved pricing for most insurers at the April 1 renewal, a key renewal period for Japan, South Korea and India.

Re/insurance Industry Perspectives

Discover global reinsurer capital, alternative capital and rating agency perspectives on the macroeconomic environment for insights on the potential direction of the global re/insurance industry and future renewals.

Ultimate Guide to the January Renewal

Supply-Demand Dynamic Continues to Favor Buyers

Aon’s Reinsurance Market Dynamics provides key market trends observed during the April 1 renewal and our outlook ahead of mid-year renewals. We expect buyer-friendly conditions will prevail – with $7.5B+ of new demand for U.S. property cat limit – supported by robust levels of capacity and reinsurer appetite. 

Profitable Growth Opportunities

As insurers think more holistically about sustaining profitable growth through the market cycle, Aon identified seven key traits of outperforming companies to help shape future strategies.

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Explore Past Reports

  • Time to Lean into Risk

    Time to Lean into Risk

    The Ultimate Guide to the January 2025 renewal contrasts the robust financial results of the reinsurance industry against a backdrop of insurer losses and increasing complexity of risk. The industry has untapped growth potential with the key ratio of global insurance premium to GDP at 1.8 percent since 2010, despite exposure growth and unmet client need.

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  • Orderly Mid-year for Improved Results

    Orderly Mid-year for Improved Results

    Mid-year renewals have further consolidated the positive trends at 1/1 and 4/1, setting the stage for a more competitive reinsurance market in 2025. However, the market emerging from last year’s global reset is more dynamic so the ability to make informed decisions quickly, supported by data and analytics, will be key to navigating the market going forward.

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  • Supply-Demand Dynamic at Tipping Point

    Supply-Demand Dynamic at Tipping Point

    Reinsurance renewals at April 1 consolidated the progress made at 1/1, as ample capacity and increased competition for catastrophe reinsurance led to improved outcomes for the majority of insurers. The renewal signaled a further improvement in conditions and sets the stage for a more comprehensible reinsurance market at mid-year and into 2025. April 1 is a key renewal for Asia with about 60% of Asia treaty business renewing.

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Reinsurance Market Dynamics

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