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Growing Market; Cheaper Premiums

As the uptake of W&I insurance on deals increases globally, by corporate and Private Equity (PE) clients, the W&I insurance market is a growing and competitive marketplace. New and increasingly aggressive insurers in the Australasian region have driven a number of overall market trends in the 2017 year – all ‘client friendly’.

Overview

  • 2017 was the largest year for Aon in warranty & indemnity (W&I) insurance to date, in Australia and globally, and all indicators predict that 2018 will maintain this momentum.
  • Growth of new insurers means more insurance capital is available than ever before – which in turn means more competition between insurers to win deals and the ability to insure larger deals.
  • More capacity has also meant excess pricing rates have plummeted; primary rates have remained steady albeit certainly at the low end of the range.
  • Buyer’s market for W&I – good for corporate clients who are increasingly using the product and PE exits and acquisitions.

Download the update to learn more.

 

© 2019 Aon Risk Services Australia Limited | ABN 17 000 434 720 | AFSL 241141 (Aon)
The information contained in this communication is general in nature and should not be relied on as advice (personal or otherwise) because your personal needs, objectives and financial situation have not been considered. Before deciding whether a particular product is right for you, please consider your personal circumstances, as well as the relevant Product Disclosure Statement (if applicable) and full policy terms and conditions available from Aon on request. All representations in this document in relation to the insurance products we arrange are subject to the full terms and conditions of the relevant policy. Please contact us if you have any queries.

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Sam Thomas

Sam Thomas

Client Director
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