In their Q423 Market Insights Outlook for Europe, the Middle East and Africa (EMEA), Aon has highlighted how inflation continued to pressure pricing amidst generally moderate market conditions, although natural catastrophe exposed property and otherwise challenging risk types, including life science, chemicals, automotive parts, and mining risks, experienced a more difficult market environment.
According to the firm, social inflation continued to impact casualty pricing for risks around the globe, but this was most prominent for US exposed risks.
