Aon Forecasts Workforce Impact of COVID-19 in Canada with Interactive Web Application
TORONTO (May 13, 2020) – Aon plc (NYSE: AON) today unveiled an interactive web application that forecasts the impact of COVID-19 on employee populations throughout Canada.
Aon, a leading global professional services firm providing a broad range of risk, retirement and health solutions, designed the tool to help employers anticipate the impact on employee benefit plan costs, absenteeism and potential needs to shift work operations due to the spread of COVID-19.
“COVID-19 has brought on uncertainties in many aspects of our lives and this application will help employers understand their risks,” said Greg Durant, Canadian Chief Actuary of Health Solutions for Aon. “Aon’s COVID-19 Employee Impact Model forecasts the impact on your employee population based on geographic-specific infection rates and advanced epidemiologic models.”
Aon’s COVID-19 Employee Impact Model works by using de-identified demographic data on employee populations. Aon’s application combines employer-specific data with geographic infection rates from the most reputable epidemiologic models. * It is updated daily based on the spread of the virus, social distancing measures taken by local governments, and the current figures of confirmed patients, hospitalizations, deaths, and testing and treatment patterns.
The tool allows employers to estimate the impact of the virus through the fall on their employee population. By selecting a date, employers can see projected cases and medical claims cost, which can change daily based on the most current COVID-19 information.
“Aon consultants will work with employers to build plans on how to keep employees safe while minimizing disruptions to their operations,” Durant added. “In these uncertain times, it is important that organizations have the most current information from which to base their decisions to safely maintain vital operations.”
Sample dashboard for mock employer
Key features allow employers to:
- view employee population impact by geographic area over time;
- estimate the number of mild cases, hospitalizations, ICU visits and fatalities based on specific population demographics; and
- estimate impact on dental care, health care and absenteeism costs associated with the pandemic.
The application continues to evolve and now includes over 25 countries. Beyond the US and Canada, the global workforce version includes key EMEA, APAC and LATAM countries. The US workforce version of the model provides cost impact and functionality specific to the US including the cost impact on health care and workers’ compensation programs.
The application is recommended for employers with at least 500 employees.
For more information about the COVID-19 Employee Impact Model, contact your Aon representative or click here.
* Epidemiologic model sources reviewed for Aon’s COVID-19 Employee Health Model include The COVID Tracking Project, the Centers of Disease Control and Prevention, the Kaiser Family Foundation, Harvard University, The Lancet, The Journal of the American Medical Association, The New England Journal of Medicine and Imperial College London.