Commerical Auto / Motor
The US Commercial Auto marketplace has encountered significant challenges during the past several years with industry-wide adverse development and a continual evolution of underlying exposures. The European motor market is facing similar challenges, including inflationary pressures on large bodily injury losses, settlement as annuity awards, yield levels, and the introduction of the Solvency II capital regime in 2016. Traditional underwriting, distribution, and pricing methodologies are being reexamined in both of these markets to account for factors such as:
- The distracted driver
- Regulatory changes
- Autonomous vehicles
- Shifts in mobility preferences
Our commercial auto and motor practice group is passionate about developing long-term relationships to help our clients successfully navigate the current environment and achieve their broader business goals. Whether it’s looking to profitably grow your business, understand and effectively manage your risks, or develop an effective capital management strategy to embrace emerging opportunities, Aon Benfield’s global team of dedicated professionals is on hand to help.
- Volatility Management: Aon Benfield is a leading broker for placing traditional reinsurance programs, including treaty, facultative, facilities, adverse development, and loss portfolio transfer covers.
- Pricing & Risk Selection: Aon Benfield has experts in big data initiatives and telematics to differentiate pricing and underwriting tools and capabilities.
- Claims Management: Aon Inpoint ensures a leading claims management processes to improve bottom line results. Our value proposition is supported by detailed claims data in each European territory, providing the latest on large loss trends and settlements.
Aon Benfield is part of Aon UK Limited which is authorised and regulated by the Financial Conduct Authority. FPA #12865