Q4 Aon Advice to Clients

Assess – and reassess – your exposures

The risk landscape is changing and new forms of volatility such as climate change, supply chain vulnerabilities and cybercrime are quickly gaining momentum. Use scenario quantification techniques and stress testing to better understand your exposures and invest in the right mitigation, management controls, financing, and transfer solutions.

Broaden your go-to-market strategy

Following favorable performance in 2021, many insurers have shifted toward a growth focus and may reconsider a risk that was previously declined or offer more favorable terms. Explore options with both local and international insurers.

Differentiate your risk

Insurers have never been more selective. Underwriters are seeking to limit their capital deployment to best-in-class risks. Engage with people in your organization who can provide granular detail to help showcase your business profile. Describing for insurers the investments and risk management efforts you are making will help ensure the best outcomes possible.

Start planning early; allow sufficient time to execute your strategy

Establish your renewal strategy and goals early, before engaging with insurers. Allow sufficient time to explore alternatives, structure the placement and negotiate terms with underwriters.

Insurance Market Overview

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