Australian Mid-Year Insurance Market Update 2024 | Marsh

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The general outlook for insurance buyers in Australia is positive as we move into the second half of 2024.

Across most insurance classes, insurers’ premium pools have grown and rates have stabilised. Overall, the first half of 2024 saw a significant improvement in market competition and the return of insurer choice for buyers, from both existing insurers and new entrants.

Not all insurance classes fared the same, with some still experiencing challenging conditions. Our latest market update takes a deep dive into the state of market throughout the first half of the year, including local market insights and outlook, coverage trends, insurer appetite, market influences, as well as tips on how to maximise renewal outcomes. Our report also provides a detailed premium analysis across 12 insurance classes including:

Property
Liability
Directors & officers liability
Professional indemnity
Crime
Medical malpractice
Cyber
Environmental impairment liability
Private health
Accident & health
Group life
Workers compensation

Download the full report to keep up to date with the latest market trends and insights.