Gallagher Business Insurance Market Conditions and Risk Dynamics H1 2024
The Gallagher Business Insurance Market Conditions and Risk Dynamics H1 2024 report provides expert insights into insurance market conditions and risk factors affecting Australian businesses at this time.
In the last six to 12 months, we have seen Australian insurers seeking to capitalise on the insurance market's 'hardening' and peak pricing cycle, driving a more competitive environment with London, Singapore, and other international markets. This has had a positive effect on premium rates, which are now showing greater stability than in previous years.
This shift in the landscape is also encouraging insurance brokers to spend more time and energy exploring a wider range of options for businesses, including limits, deductibles, restructuring, captives, and parametric insurance solutions.
To find out more about expectations for the remainder of 2024, including in-depth coverage of each of the major business insurance classes, download the report.
Inside the report we cover:
- Placement & Market Capacity — providing an overview on what's impacting the business insurance industry, including key trends from the last reporting period, as well as expectations for the next 12 months.
- In Depth Insights — our experts provide an update on what's driving conditions across claims outcomes, Directors & Officers (D&O), Cyber, Property, Workplace Risks and Workers' Compensation insurance.
- Risk Dynamics — the emerging trends by major class, including regulatory changes and strategic considerations that can shape your insurance strategies.
This report also includes additional essential updates on:
- Climate and Sustainability — why preparing for business resiliency and supply chain sustainability has become critical, along with identifying future climate and ESG trends for early risk mitigation.
- Higher Education Industry Focus — how the challenge of limited availability of insurance providers persists in the higher education sector and what alternative solutions exist.
This report goes beyond insights, providing strategies to proactively manage risks, enhance coverage, and improve your overall insurance program. Stay informed, stay prepared, and let Gallagher be your trusted partner in navigating the evolving insurance landscape.
