Aon is a leading global professional services firm that provides a wide range of risk, retirement, and health solutions to clients across various industries. The company was formed in 1982 through the merger of Ryan Insurance Group and Combined International Corporation. Headquartered in London, United Kingdom, Aon has a significant presence in over 120 countries, serving more than 90% of the world's top 100 largest companies.
Aon's services are designed to help clients navigate complex risks, optimize their retirement and health programs, and improve their overall business performance. The company's expertise spans various areas, including risk management, insurance brokerage, reinsurance brokerage, human capital consulting, and investment consulting. Aon's team of professionals, including actuaries, consultants, and brokers, work closely with clients to develop and implement tailored solutions that meet their specific needs and goals.
Aon’s Business Segments
Aon’s operations are organized into three main business segments: Commercial Risk Solutions, Reinsurance Solutions, and Health Solutions. Each segment offers a range of services and products that cater to the unique needs of clients.
The Commercial Risk Solutions segment provides risk management and insurance brokerage services to clients, helping them to identify, assess, and mitigate risks. This segment also offers a range of specialty services, including cyber risk, environmental risk, and political risk management.
The Reinsurance Solutions segment provides reinsurance brokerage and capital management services to insurance companies, helping them to manage their risk exposure and optimize their capital structures. This segment also offers a range of analytical tools and services, including actuarial modeling and data analytics.
The Health Solutions segment provides health and benefits consulting services to clients, helping them to design and implement effective health and wellness programs for their employees. This segment also offers a range of healthcare analytics and data management services, helping clients to better understand and manage their healthcare costs.
Aon’s Risk Management Services
Aon’s risk management services are designed to help clients identify, assess, and mitigate risks that could impact their business operations. The company’s team of risk management professionals use a range of tools and techniques, including risk assessments, benchmarking studies, and data analytics, to help clients understand their risk profiles and develop effective risk management strategies.
Aon's risk management services cover a range of areas, including:
- Property risk: Aon helps clients to identify and mitigate risks related to their physical assets, such as buildings, equipment, and inventory.
- Liability risk: Aon helps clients to identify and mitigate risks related to their legal liabilities, such as product liability, professional liability, and employment practices liability.
- Cyber risk: Aon helps clients to identify and mitigate risks related to cyber attacks, data breaches, and other cyber threats.
- Environmental risk: Aon helps clients to identify and mitigate risks related to environmental hazards, such as pollution, climate change, and natural disasters.
| Service Category | Description |
|---|---|
| Risk Management | Identification, assessment, and mitigation of risks |
| Insurance Brokerage | Placement of insurance coverage with insurers |
| Reinsurance Brokerage | Placement of reinsurance coverage with reinsurers |
| Human Capital Consulting | Design and implementation of effective health and wellness programs |
Aon's Investment Consulting Services
Aon's investment consulting services are designed to help clients optimize their investment portfolios and achieve their long-term financial goals. The company's team of investment professionals use a range of tools and techniques, including portfolio optimization, asset allocation, and manager selection, to help clients develop effective investment strategies.
Aon's investment consulting services cover a range of areas, including:
- Portfolio optimization: Aon helps clients to optimize their investment portfolios by identifying the most effective asset allocation and investment strategies.
- Asset allocation: Aon helps clients to develop an optimal asset allocation strategy that balances their risk tolerance and return expectations.
- Manager selection: Aon helps clients to select the most effective investment managers for their portfolios, based on factors such as performance, fees, and risk management.
Aon's Health and Benefits Consulting Services
Aon's health and benefits consulting services are designed to help clients design and implement effective health and wellness programs for their employees. The company's team of health and benefits professionals use a range of tools and techniques, including healthcare analytics, benefits design, and communications planning, to help clients develop effective health and benefits strategies.
Aon’s health and benefits consulting services cover a range of areas, including:
- Healthcare analytics: Aon helps clients to analyze their healthcare data and develop effective strategies for managing their healthcare costs.
- Benefits design: Aon helps clients to design effective health and benefits programs that meet the needs of their employees and align with their business objectives.
- Communications planning: Aon helps clients to develop effective communications plans that educate employees about their health and benefits options and promote healthy behaviors.
What is Aon’s business model?
+Aon’s business model is based on providing a range of risk, retirement, and health solutions to clients across various industries. The company generates revenue through a combination of fees and commissions earned from its consulting, brokerage, and other services.
What services does Aon offer?
+Aon offers a range of services, including risk management, insurance brokerage, reinsurance brokerage, human capital consulting, and investment consulting. The company also provides health and benefits consulting services, including healthcare analytics, benefits design, and communications planning.
How does Aon help clients manage risk?
+Aon helps clients manage risk by identifying, assessing, and mitigating risks that could impact their business operations. The company uses a range of tools and techniques, including risk assessments, benchmarking studies, and data analytics, to help clients understand their risk profiles and develop effective risk management strategies.
