Directors & Officers Market Update, 2024
Snapshot
- The Director’s and Officers’ (D&O) market for Australian insureds is in a favourable period of transition following several years of harder market conditions.
- For our ASX300 listed clients, we have been successful in driving an average 20 per cent rate reduction in average rate per million of capacity during the first half of 2024.
- Underlying these positive dynamics, the risk landscape continues to evolve presenting new challenges and regulatory obligations for insureds.
The D&O market for Australian insureds is in a period of transition following several years of harder market conditions. Notwithstanding, the risk landscape is continuing to evolve and D&O pricing and availability of D&O insurance could be subject to further volatility in future cycles based on legislative and case law developments.
We anticipate, given the volume of D&O capacity in the market, that favourable conditions will prevail into 2025 for D&O insurance buyers. However, D&O pricing and the availability of D&O insurance could be subject to further volatility in future cycles based on legislative and case law developments.
Download our full update to learn more and discover how Aon is assisting clients in the current environment.
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