Skip to main content

Australian Insurance Market Updates

Change is the only constant

March 22, 2023

A long-term strategy to managing and mitigating risk is the way forward for Australian businesses.
Captive and insurance management solutions|Casualty|Risk & Analytics|Cyber Risk Management|Financial, Executive and Professional Risks (FINEX)|Property Risk and Insurance Solutions

Information, risk mitigation and management, and relationships are vital to achieve the best possible outcomes across all insurance classes.

A turbulent 2022, with rising inflation, geopolitical shocks and the largest natural catastrophe losses on record for Australia has, unsurprisingly, strongly impacted the insurance market.

With markets showing signs of hardening again, premiums and deductibles are rising and, for many larger risks, access to global insurers is vital for successful placements.

WTW’s specialist teams share insights into what is driving conditions in all major insurance classes. In these industry specific market updates, our risk advisors offer valuable insights into how clients can differentiate their risks and achieve the best possible solutions.

Quality information is key, to clearly demonstrate your risk mitigation and management strategies to underwriters who are increasingly selective when it comes to which risks they allocate capacity.

The WTW team has experts in each specialty area, helping clients take a holistic view of risk and guiding them on the approach that results in the best price, terms and conditions.

Relationships have never been more important. Let us put ours to work for you.

Featured update

Latest market updates

The value to you

A smarter way to risk

Make smarter risk decisions more aligned with your organization's strategic and financial goals.

Contact us