1、Q4 2024 Property Market Dynamics ReportU.S.,December 2024Change cover imageMarket Summary2Proprietary&Confidential3Q3 2024 Property Market Snapshot Insights from Aon National Property The average Property rate change for Q3 2024 is-1.91%down further from-0.94%in Q2 2024.This marks the second con

2、secutive quarter with an average overall rate change in negative territory.There will continue to be rate differentiation as follows:-15%to flat rate change for desirable accounts/occupancies,as well as predominantly Nat-Cat exposed accounts;-10%to flat rate change for less desirable occupancies.Los

3、s-challenged accounts are being underwritten for profitability.The combined insured losses from Hurricanes Helene($10-17Bn)and Milton($15-25Bn)*is within the insurance markets Nat-Cat tolerance as an understood and modeled event.We continue to forecast continued moderation of rates in the property i

4、nsurance market for the balance of 2024 into 2025.Clients can expect an aggressive underwriting approach for shared and layered accounts with desirable occupancy classes and profitable historic loss ratios,with/without heavy Nat-Cat exposures.Continued interest in Alternative Risk Transfer(ART)trans

5、actions,including parametric and structured solutions.Capacity is becoming more readily available for CA EQ which is helping to moderate pricing.January 1st reinsurance treaty renewals expected to be stable.*Source:Aon Re,Inc.Rate Change-1.91%Q3 2024 property rate change(Down from-0.94%in Q2 2024)Q3

6、 24 Avg.%Change in Rate(Peril)Non-CAT-1.93%Tier I Wind-5.83%CA EQ-2.95%CAT-2.68%All Accounts-1.91%Q4 2024 U.S.Property Market Dynamics Report ProprietaryQ3 24 Avg.%Change in Rate(Program Structure)Shared and Layered-4.77%Single Carrier1.58%All Accounts-1.91%Property Quarterly Year-Over-Year Change I