Aon is a multinational professional services firm that provides a range of risk, retirement, and health solutions to clients around the world. The name "Aon" is derived from the Gaelic word "áon," which means "one" or "oneness." This name was chosen to reflect the company's goal of unity and integration, as well as its commitment to providing comprehensive and seamless solutions to its clients.
History and Evolution of Aon
Aon was formed in 1982 through the merger of two insurance brokers, Ryan Insurance Group and Combined Insurance Company of America. Over the years, the company has undergone significant transformations, including mergers, acquisitions, and expansions into new markets. Today, Aon is one of the largest and most respected professional services firms in the world, with operations in over 120 countries and a workforce of over 50,000 employees.
Business Segments and Services
Aon operates through three main business segments: Commercial Risk Solutions, Reinsurance Solutions, and Health Solutions. The company provides a wide range of services, including:
- Risk management and insurance broking
- Reinsurance brokerage and advisory services
- Retirement and investment consulting
- Health and benefits consulting
- Data and analytics services
Aon's services are designed to help clients manage risk, improve performance, and achieve their goals. The company's expertise and resources are focused on providing innovative and effective solutions to complex business challenges.
| Business Segment | Revenue (2022) |
|---|---|
| Commercial Risk Solutions | $4.3 billion |
| Reinsurance Solutions | $1.8 billion |
| Health Solutions | $2.5 billion |
In addition to its business segments and services, Aon is also recognized for its corporate social responsibility initiatives, which focus on promoting diversity, equity, and inclusion, as well as supporting community development and environmental sustainability. The company's strong culture and values are reflected in its mission statement, which emphasizes the importance of delivering exceptional results, building strong relationships, and making a positive impact on society.
Industry Recognition and Awards
Aon has received numerous awards and recognition for its excellence in the industry. Some of the notable awards include:
- Best Insurance Broker by Euromoney
- Reinsurance Broker of the Year by Reactions
- Best Employee Benefits Consultant by Benefits Selling
The company's expertise and thought leadership are also reflected in its research and publications, which provide insights and analysis on key industry trends and issues. Aon's research reports and whitepapers are widely read and respected by industry professionals and clients around the world.
What does Aon do?
+Aon provides a range of risk, retirement, and health solutions to clients around the world, including risk management and insurance broking, reinsurance brokerage and advisory services, retirement and investment consulting, and health and benefits consulting.
What is Aon’s mission statement?
+Aon’s mission statement emphasizes the importance of delivering exceptional results, building strong relationships, and making a positive impact on society.
What are Aon’s business segments?
+Aon operates through three main business segments: Commercial Risk Solutions, Reinsurance Solutions, and Health Solutions.
