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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Aon PLC | NYSE:AON | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-4.05 | -1.38% | 288.77 | 293.6135 | 285.35 | 291.13 | 1,534,275 | 00:28:59 |
TORONTO, May 23, 2024 /CNW/ -- Aon plc (NYSE: AON), a leading global professional services firm, has released its Spring 2024 Canadian Insurance Market Update. Published in support of Aon's ongoing commitment to help Canadian clients make better decisions about risk management and insurance programs, the report finds that a robust competition within the Canadian insurance market is creating a more buyer friendly market. Competition is returning as insurers look for growth opportunities with a particular emphasis on well-performing risks. The appetite for growth is expected to expand and evolve with insurers competing to retain and grow their positions in the market.
"Overall, there is an expansion in capacity and appetite signaling that the market is transitioning into a more competitive space. However, the focus on risk selection continues to prevail as insurers strive to maintain profitability," said Russell Quilley, head of commercial risk and chief broking officer for Canada at Aon. "Underwriting remains disciplined and risk differentiation continues to be a top priority as underwriters increasingly rely on data, insights, and analytical tools such as modelling to support decision making."
Other key findings include:
About Aon
Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries and sovereignties with the clarity and confidence to make better risk and people decisions that help protect and grow their businesses.
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Media Contact
Alexandre Daudelin
alexandre.daudelin@aon.com
+1 514 967 9330
SOURCE Aon plc
Copyright 2024 Canada NewsWire
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