The global insurance market in the second quarter of 2024 continued its growth trajectory, underpinned by strong profitability reported by many insurers in 2023 and improvements in the reinsurance sector.

According to the latest report from Aon, the market remained focused on disciplined underwriting and pricing strategies aimed at long-term profitability and programme stability. Insurer growth ambitions contributed to a competitive and well-capitalised environment, with ongoing price moderation, flexible underwriting, and the availability of various coverage options, particularly for preferred risk categories.