怡安（AON）：2025年第二季度美国财产保险市场动态报告（英文版）（46页）.pdf

1、Q2 2025 U.S.Property Market Dynamics Report May 2025ProprietaryChange cover imageMarket Summary2Q2 2025 U.S.Property Market Dynamics Report|ProprietaryInsights from Aon National PropertyQ1 2025 Property Market Snapshot The average Property rate change for Q1 2025 is-8.52%,down from-5.45%in Q4 2024.o

2、Shared&layered accounts decreased to-12.12%on average;oSingle carrier account rate,quarter-over-quarter,was-4.28%,marking the fourth consecutive quarter with an average overall rate change.We expect continued rate differentiation into Q2,as follows:o-10%to-20%(or greater)rate change for desirable sh

3、ared&layered accounts/occupancies,as well as predominantly Nat-Cat exposed accounts preliminary April renewals,as of 4/15/25 data points,show rate acceleration downward at-12.2%across the Aon portfolio;o-5%to-15%rate change for single carrier accounts with favorable loss experienceoLess-desirable oc

4、cupancies will likely experience a lower rate reduction while loss-challenged accounts will continue to be underwritten for profitability.oClients leveraging Aons risk capital strategy are often outperforming the market.Clients can expect an aggressive underwriting approach for shared&layered accoun

5、ts with desirable occupancy classes and profitable historic loss ratios,with/without heavy Nat-Cat exposures.Global insured losses for Q1 2025 Nat-Cat events are estimated to reach at least$52B*,the highest Q1 insured losses since Q1 2011($81 billion),the second highest figure on record.Still no sig

6、nificant market dislocation from these CA wildfire and Severe Convective Storm events.*Source:Aon Re,Inc.-8.5%Rate ChangeAvg.%Change in Rate(Peril)Non-CAT-8.29%Tier I Wind-8.19%CA EQ-10.21%CAT-9.17%All Accounts-8.52%Avg.%Change in Rate(Program Structure)Shared&Layered-12.12%Single Carrier-4.28%All A