How to Futureproof Data and Analytics Capabilities for Reinsurers
Now more than ever, the reinsurance industry needs insight. But it is still slow to implement advanced data and analytics.
Key Takeaways
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Most reinsurers are 'spreadsheet nations,' lacking a defined strategy to deliver business results through analytics
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Investing in data and analytics enables reinsurer outperformance through superior risk selection and portfolio optimisation
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Developing a data and analytics strategy and roadmap are key to maximising the impact of investment
As reinsurers reassess their appetite in light of climate change, cat losses, inflation and other market shocks, they seek to make better-informed decisions that will help them develop cedent relationships, optimize their capital and drive superior returns.
The reinsurance industry needs data-driven insight more than ever, but it is still slow to implement advanced data and analytics (D&A). Time-consuming data-cleansing and out-of-date, generic management information is a reality for most reinsurers.
A recent study of reinsurer data and analytics conducted by Aon’s Strategy and Technology Group found that most reinsurers are not realizing the potential benefits from the available data in submissions and third-party sources — concerning, for example, granular bordereaux reports. Many are still operating as “spreadsheet nations” with a heavy reliance upon Excel to support their pricing, reserving and capital modelling processes.
Reinsurers with more advanced D&A outperform the market by making better risk selection and portfolio management decisions at pace.
Looking to the future, reinsurer value propositions will expand beyond pure risk-transfer. Best-in-class reinsurers leverage technology to underpin robust analytics capabilities, offering cedents valuable insights in return for loyalty and better commercial relationships with the ceding insurers.
Understanding the Reinsurer Data and Analytics Landscape
Significant Opportunity for Improvement
Table 1
Aon's Strategy and Technology Group analysis.
67%
Companies that experienced between 21 and more than 40 insider incidents in 2022.
Source: 2022 Cost of Insider Threats Global Report | Ponemon
A few companies in the market have started to move ahead of the pack through investing in targeted areas such as pricing systems or advanced analytics capabilities. Those reinsurers classified as “Best in Class” and “Average” by Aon’s Strategy and Technology Group make a "build-or-buy" decision either to develop proprietary pricing systems or license tools available in the market. Additionally, “Best in Class” reinsurers have invested heavily in building large, dedicated D&A teams which not only serve their own businesses but generate income through developing and selling D&A solutions to others.
D&A Flow: Visualizing the Movement of Data
We have characterized how data moves between cedents, brokers and reinsurers as a 10-stage flow. There are significant inefficiencies across the flow with rekeying of data a major “time sink”.
Table 2
Aon's Strategy and Technology Group analysis.
44%
Increase in insider threats over last two years.
Source: 2022 Cost of Insider Threats Global Report | Ponemon
Deep Dive on 3 Areas of Data and Analytics
1. Data Ingestion: Optimizing Data Flows at the Source
One Insurtech executive has estimated that, alarmingly, some underwriters and actuaries can spend more than two-thirds of their time doing basic transformation and cleansing before they can use the data to make decisions. Differing standards in terms of the format, quantity, and quality of data in cedent submissions mean that vast amounts of manual work are required to bring the data into systems.
Additionally, much of the data is either “lost” and unusable, stuck on PDFs or huge spreadsheets with no efficient process to consolidate it into data systems. This leads to inconsistencies across the business, as individual teams use the raw data differently for their own processes — cleansing and standardizing the same data multiple times. The ability to capture and structure data accurately and efficiently at source will not only direct time that would otherwise be wasted towards value-add activities, but it is a pre-requisite for more advanced analytics. Best-in-class reinsurers invest significantly in developing a strong data culture, processes and partnerships to maximize the quality and scope of their data capture.
2. Systems and Methods: Integrating Systems for Effective Underwriting
Multiple disconnected systems are the norm across reinsurers. Often resulting from rapid growth or acquisition, these inefficient and cumbersome systems mean that data is typically scattered across the business. Individual teams create their own tools in Excel to store and analyze data which they then need to manually update. A lack of co-ordination between these teams gives rise to inefficiencies and inconsistencies across the business in addition to the risk that, without a central data repository and central control, the knowledge is lost when key personnel leave the company.
For reinsurers, there are two options for having an integrated pricing system: build or buy. Only the very largest reinsurers have the budget and scale of developer teams to build and maintain a pricing system in-house. For most reinsurers, the right option is to license integrated pricing systems off-the-shelf.
3. Advanced Analytics: Leveraging Data to Improve Risk Understanding
Once an efficient ingestion method and central system has been established with more granular data at their fingertips, reinsurers can conduct more sophisticated analyses to enhance their decision making. This includes sensitivity testing of parameters, portfolio optimization or marginal impact analysis on treaty deals. Most reinsurers can only perform a basic version of these portfolio analyses at a high level, months after a renewal period has concluded.
Sourcing and integrating third-party data — such as for example industry-specific inflation data — can also enrich the underwriter’s knowledge to enhance risk selection and better manage market cycles. Most reinsurers take a view on the current trends in the market to build into their view of risk via ad-hoc research projects. However, digitizing and centralizing analysis of market indicators using third-party data sources (both publicly available and licensed) would allow reinsurers to take a proactive approach to market cycle trends. This would enable reinsurers who do this effectively to react faster than their peers to market movements.
The Way Forward: Developing the Solution
1. Characteristics of a Best-In-Class Integrated Technology Solution
A best-in-class reinsurer will have multiple systems, typically licensed from the vendor market, and developed in-house. The architecture and selection of systems will vary, depending on the profile of the business they write and their in-house capabilities but will exhibit the following characteristics:
- There will be a configurable workflow to guide users efficiently through the underwriting process
- It will be supported through role-based access that is configured to in-house permissions
- Systems will be integrated, ensuring seamless data flow with no double-keying
- Data is stored securely in a schema that collects data consistently and comprehensively
- There will be flexibility to scale up or down the infrastructure to cope with peaks and troughs of usage, which is typically achieved using cloud computing
Reinsurers that have invested in improving their technology solution can take the next step in driving greater efficiencies and further automate their processes:
- Automated data-cleansing and formatting leveraging robotics
- Intelligent role-based workflows
- Automated documentation generation
- System integration, internal and external systems (e.g. connect to databases for sanctions checking)
- Automated data upload
- Dashboards and reporting layer build upon databases to analyze the portfolio, perform benchmarking etc.
2. Why invest in D&A as a reinsurer?
Developing best-in-class D&A requires investment. This will pay dividends for a reinsurer across four key areas:
- Improved risk selection: Capture more data and complement internal with external data to get more insights to improve your underwriting
- Improved efficiency in underwriting: Removal of manual tasks, freeing time for value adding activities such as writing new business
- Portfolio optimization: Improved data to support decision making on ideal business mix and the fine tuning of pricing, lines, and net positions
- Enhanced client proposition: Offering data driven services (in the longer-term) such as providing detailed exposure information to support risk selection, aggregation analysis, portfolio analysis and pricing
As an example, early investment in property catastrophe D&A enabled one data-driven reinsurer to take a differentiated view of risk, allowing it to build a market- leading portfolio.
The benefits are clear but the key to the success of the D&A journey is having a clear strategy and structured plan to drive progress forward. For basic reinsurers, the first step of the journey is to develop a comprehensive understanding of the current state of D&A and to define the future state with reference to best practice. These reinsurers can then identify providers to support the development of new integrated systems. For average reinsurers that are at a more advanced stage of development, data ingestion should become a key focus — both in third party and increasing capture from cedent submissions and then investing in developing advanced portfolio analytics.
About the Study
Aon’s Strategy and Technology Group conducted a study assessing the D&A landscape for reinsurers. The study was composed of significant secondary research element combined with extensive primary research including 25+ interviews with participants from across reinsurance value chain: brokers, actuaries, underwriters, data, and technology leaders and InsurTech founders.
About the Authors
Thomas Griffiths
Thomas Griffiths leads Aon's Strategy Consulting proposition for Reinsurers. He has nine years of experience advising reinsurance company management teams on a broad range of topics including: Market entry strategies, portfolio optimization, product development & innovation, growth strategies and operational improvement.
https://www.linkedin.com/in/thomas-griffiths-897b8579/
Jessica Cremin
Jessica Cremin is a Manager in the Strategy Consulting team within STG. She has nine years of experience working within the insurance industry, with four of those working for Aon advising insurers and reinsurers on their strategy. This has included working for several global reinsurers to advise them on the use of data and analytics in reinsurance.
https://www.linkedin.com/in/jessica-cremin-acii-37874656/
Jamie MacRitchie
Jamie MacRitchie is a Senior Associate in the STG’s Strategy Consulting team. Based in London, Jamie has more than five years of experience at various strategy consulting firms, working across industries and disciplines. Since joining Aon’s STG in 2021, he has worked with more than a dozen (re)insurers on projects spanning all areas of specialization within STG Strategy Consulting.
https://www.linkedin.com/in/jamie-macritchie/
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The information contained herein and the statements expressed are of a general nature and are not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information and use sources we consider reliable, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.
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Dynamic trends are influencing the size and complexity of claims around the world. Proactive claims management can help organizations recover swiftly after a loss event and manage potential claims exposures.
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Article 6 mins
Optimizing Your Property Program: How to Use a Soft Market to Build Resilience
While the global property insurance market currently favors buyers, it is uncertain how long this will last. Businesses should act now by adopting a proactive, data-driven property risk strategy that aligns financial stability and risk appetite with market dynamics.
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Article 7 mins
Navigating the Regulatory and Investment Landscape for Non-Profits
Non-profit organizations in the U.S., Canada and the UK in particular, face unprecedented regulatory scrutiny and financial instability. Here are ways to strengthen investment strategies at a critical time using an OCIO model.
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Article 10 mins
Unlock the Potential of Alternative Investments with an Outsourced Chief Investment Officer
Avoid limiting a portfolio’s capacity based on the capabilities or bandwidth of an existing process by working with the right partner.
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Article 10 mins
How Captive Insurance Supports the Energy Transition
The rapid growth of renewables demands innovative risk solutions. Captive insurance offers a strategic, flexible approach to managing evolving risks — helping energy leaders navigate volatility, optimize capital and unlock new opportunities in the transition to sustainable power.
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Article 8 mins
An Insurer Roadmap for Navigating the Energy Transition
The energy landscape is rapidly changing, presenting the re/insurance industry a unique opportunity to facilitate the transition to a sustainable economic model.
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Article 11 mins
De-Risking M&A in Financial Institutions: Strategies for Smarter Deals in Uncertain Markets
Against a backdrop of unsettled global markets, financial institutions can still capitalize on M&A opportunities by refining strategies and retaining focus on long-term ambitions.
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Article 9 mins
Unlocking Mass Timber: Strategies for Risk and Insurance
Mass timber construction is gaining traction for its sustainability and efficiency, yet it brings distinct insurance and risk management challenges that require industry collaboration and proactive strategies.
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Article 12 mins
Total Rewards Strategies That Drive Business Outcomes
As business demands grow more complex, employers must offer a total rewards package that balances the varied needs of the workforce with financial sustainability. Explore ways to ensure an effective total rewards program with data and timely communications.
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Article 6 mins
Building Resilience for Another Active Atlantic Hurricane Season
Forecasters predict another above-average North Atlantic hurricane season. Businesses should use their saved premium dollars to strengthen their hurricane-prone properties and workforce, and treat risk management as a strategic asset.
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Article 9 mins
How Risk Capital can Enhance Cargo Risk Management Amid Global Trade Challenges
The global marine cargo market faces many risks, ranging from shipping delays to geopolitical tensions. These challenges can be mitigated through a risk capital approach, which uses strategic capital allocation and data-driven insights.
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Article 8 mins
Securing the Load: Strategies to Manage Complex Project Cargo Risks in the Construction Industry
Ensuring the safe delivery of construction materials along shifting trade channels is no simple endeavor. Learn how specialized insurance and risk management can support the transportation of construction cargo and help ensure project success.
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Article 13 mins
Navigating Cargo Transportation Challenges in the Food, Agribusiness and Beverage Industry
The FAB industry faces significant supply chain challenges requiring innovative solutions and strategic planning. As organizations work to optimize capital and manage costs, they must also address geopolitical risks and regulatory updates.
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Article 9 mins
Risk Capital Solutions in Life Sciences: How to Find Cost Efficiencies and Manage Volatility
Industry shifts and innovations are creating both new opportunities and challenges for life sciences organizations. Optimizing risk capital can enable business leaders to uncover cost efficiencies, strengthen resilience and enhance control.
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Article 11 mins
Directors & Officers in the Digital Age: Managing New Technological Risks Across APAC
With rapid technological advancements, directors and officers face increasing liabilities. Proactive risk management and board oversight can ensure organizational resilience.
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Article 10 mins
5 Ways to Position Risk Capital as a Value Driver
In today's uncertain economic climate, finance leaders must innovate beyond traditional financial metrics, managing risk capital through targeted risk strategies, holistic capital approaches and proactive stances toward emerging threats.
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Article 6 mins
Taking a Data-Led Approach to Job Architecture to Accelerate Pay Transparency
With looming deadlines on pay transparency regulations, establishing an effective job architecture is foundational to compliance and preparation. We explore how a data-led approach can speed the process while maintaining objectivity.
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Report 13 mins
Trade Issues Confront Global Businesses on Multiple Fronts
Global business leaders highlight risks linked to trade as some of their top concerns — both physical and financial. While the topic is complex and broad, there are opportunities that business leaders can pursue to stay ahead of emerging trade dynamics.
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Article 5 mins
Parametric: A Complement to Traditional Property Coverage
As property underwriters become increasingly concerned and cautious with catastrophe-prone risks, buyers are turning to alternative property solutions, including parametric, to fill protection gaps in their programs.
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Article 6 mins
3 Rules to Help Elevate Your Business Continuity Strategy
Half of the world’s top economic loss events impacted the U.S. in 2024. As natural catastrophes continue to grow in frequency and severity, enhancing a business continuity strategy helps ensure organizations are prepared for the unexpected.
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Article 12 mins
A Targeted Strategy to Mitigate Rising U.S. Health Costs
While medical and pharmacy expenses continue to consume benefit budgets, employers can adopt effective cost-saving strategies that combine predictive analytics with innovative solutions to help control healthcare spend over a multi-year period.
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Article 8 mins
Using Climate Data to Protect Employee Health
Employers are increasingly looking to defend the health and safety of their employees in a changing climate. By modeling the impact of weather on employees like they do for physical risks, employers can proactively establish solutions to protect workers.
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Article 7 mins
Why Organizations Need a Robust Directors and Officers Risk Program
A variety of growing risks, including shareholder derivative actions, an evolving regulatory environment and bankruptcy filings, are why public and private organizations must protect their corporate directors and officers.
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Article 15 mins
Navigating Cyber Risks in EMEA: Key Insights for 2025
Organizations in EMEA face unprecedented challenges as cyber threats become more sophisticated. In the face of emerging AI, evolving regulations and geopolitical tensions, businesses should strengthen their resilience to better navigate the complexities of the digital age.
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Article 6 mins
Outsourced Chief Investment Officer: The Key to Navigating Volatility
In a volatile climate, institutional investors are turning to outsourced chief investment officers to conquer administrative, regulatory and market challenges.
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Article 6 mins
Understanding the Financial Landscape of Wind Energy
Investment in both onshore and offshore wind power is key to not only energy security, but also wider social and economic benefits through the creation of jobs and investments in local communities around the world.
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Article 8 mins
The CFO Roadmap: Expanding Success Beyond Financial Metrics
In today's intricate business environment, growth is expanding to include more than financial success. By understanding how to fund, shape and secure growth, organizations can build resilience and drive long-term value.
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Article 6 mins
AI Innovations in Renewable Energy: Transforming the Sector
AI in the renewable energy sector is revolutionizing how we produce, manage and consume energy. As AI continues to evolve, industry leaders must find innovative ways to harness its full potential.
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Article 8 mins
Cyber and E&O Market Conditions Remain Favorable Amid Emerging Global Risks
Despite higher claims frequency, the cyber and tech E&O markets remain in a favorable pricing and well-capitalized environment. However, buyers must remain vigilant and manage a variety of current and emerging cyber risks and threat actor attack methods.
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Article 4 mins
5 Steps for Successful Carbon Accounting Verification
Organizations can demonstrate their commitment to global sustainability and a low-carbon future by addressing verification challenges and adopting best practices.
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Article 15 mins
Management Liability Insurance Market in 2025: Stability Amid Evolving Risks
Market stability prevails in management liability lines as insurers continue to seek market share. However, expanding technologies, increased litigation and macroeconomic factors are causing growing uncertainty and underwriting concerns.
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Article 7 mins
A Comprehensive Approach to Financial Wellbeing
There is an opportunity to develop a strategy around financial education in the workplace. Globally, our latest data finds 11 percent of employees receive financial education from their employer, but 37 percent expect it. How can employers bridge this gap?
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Article 12 mins
Why Pay Equity Should Be Every Food, Agribusiness and Beverage Leader’s Priority
With growing global regulations and rising stakeholder and talent expectations, pay equity has shifted from a mere HR initiative to a top C-suite priority that goes beyond compliance.
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Article 7 mins
How Technology is Transforming Open Enrollment in the U.S.
A well-structured open enrollment process is one that leverages innovative technology, encourages cost-effective use of healthcare resources and reduces unnecessary spending — benefiting both employees and employers.
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Article 2 mins
Risk Analyzer Suite
Aon’s Risk Analyzer Suite delivers quantitative analytics, improved risk insights and supports operational efficiency.
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Article 15 mins
2025 Life Sciences Outlook: Building Preparedness to Mitigate Risks and Capture Human Capital Opportunities
After a period of significant volatility, a more optimistic outlook is on the horizon for the life sciences industry in 2025. With the right level of preparedness, firms can take full advantage of the potential opportunities the new year will bring.
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Article 6 mins
Decarbonizing Construction for a Low-Emission Future
Decarbonizing construction demands new materials and approaches, with a focus on managing risk and securing capital. By aligning sustainability with business strategy and risk management, the industry can meet net-zero targets.
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Article 8 mins
Employer Strategies for Cancer Prevention and Treatment
Nearly 20 million people get cancer each year,<sup>1</sup> and the impact is far-reaching — from those diagnosed to their loved ones and colleagues. When developing a meaningful cancer prevention strategy, employers must show empathy and compassion while managing rising costs.
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Alert 14 mins
L.A. Wildfires Highlight Urgent Need for Employee Support and Business Resilience
In the face of the L.A. wildfires, impacted businesses’ top priority is their people. A three-phased approach can help build business resilience and mitigate the effects of future events.
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Article 23 mins
The AI Data Center Boom: Strategies for Sustainable Growth and Risk Management
Rapid growth in data center construction, spurred by AI advancements and cloud demand, creates interconnected risks for developers. However, with effective risk management solutions, navigating this dynamic market while prioritizing sustainability is possible.
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Article 8 mins
Mitigating Volatility and Maximizing Profits: A Guide to Risk Capital in the Food, Agribusiness and Beverage Industry
In an industry with tight operating margins, FAB organizations face significant challenges in managing spend and protecting their financial health — requiring industry leaders to adopt a sophisticated approach to risk capital optimization.
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Article 15 mins
5 Top Trends for Risk Capital in 2025
The risk capital landscape is poised for change, driven by emerging trends reshaping market dynamics. With a buyer-friendly market currently prevailing across most lines, opportunities abound for strategic investment and risk management.
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Article 9 mins
3 Strategies to Help Avoid Workers Compensation Claims Litigation
When a workers compensation claim goes to litigation, expenses rise dramatically — a burden that is often shouldered by the business. To mitigate attorney-related costs, organizations should re-think their approach to engaging injured workers and use artificial intelligence to enhance outcomes.
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Article 35 mins
5 Human Resources Trends to Watch in 2025
Human resources is increasingly involved in all areas of a company’s strategy. As the workforce changes, HR leaders should identify and leverage these five important and evolving trends.
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Article 6 mins
The Long-Term Care Conundrum in the United States
Long-term care is expensive, and costs are rising due to shortages. With the population aging at the fastest rate in a century, finding solutions to pay for care is an urgent priority. How can employers support this growing population?
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Article 7 mins
Improving Benefit Communication for a Multi-Generational U.S. Workforce
With a multi-generational and diverse workforce, it is important for employers to develop benefit communications and engagement strategies to help employees understand their unique benefit options. Here are five useful tips to consider.
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Article 13 mins
Medical Rate Trends and Mitigation Strategies Across the Globe
Rising medical costs are a global phenomenon. Aon’s 2025 Global Medical Trend Rate Survey found that costs are projected to rise 10 percent in 2025.
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Article 7 mins
Key Trends in U.S. Benefits for 2025 and Beyond
As healthcare costs continue to rise, employers are trying to balance the need to take care of their workers with the need to keep costs under control. Aon’s 2025 U.S. Health Survey provides insights into the choices employers are making, and their potential effects on costs.
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Article 9 mins
Pension Reform: Navigating the Future of Retirement
Pension reforms in Europe are reshaping retirement planning, demanding more oversight from employers and new strategies for employees’ financial wellbeing.
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Article 6 mins
Managing Non-Financial Risks to Build Organizational Resilience in the Financial Institutions Industry
Non-financial risks are often difficult to predict and quantify, yet present a real threat to financial institutions. In this volatile environment, risk management is playing a greater role in creating business resilience and identifying where capital should be deployed.
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Article 9 mins
Ensuring Operational Stability Post-Spin-Off: A Conversation with Daniel Halter from Sandoz
Daniel Halter, Director Global Insurance at Sandoz, discusses how smart risk and insurance management supported the Sandoz core mission to provide affordable, off-patent medicines to patients who need them most with Ana Serdarevic, Head of Aon’s Transaction Advisory Services for DACH.
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Article 7 mins
How to Navigate AI-Driven Cyber Risks
Business leaders are aware of AI-driven cyber risks and their implications. But understanding changing risk profiles to make better decisions around the management of new exposures is the key to cyber resilience.
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Article 8 mins
U.S. Rail Sectors Work to Mitigate Capacity and Pricing Risk Issues
U.S. freight and commuter rail industries are facing excess liability and property issues for different reasons. These railroads are critical to infrastructure and vital to the economy, yet finding effective solutions remains complex.
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Article 11 mins
D&O Risks and Considerations for Businesses Planning an IPO
As private companies prepare for an IPO, they face increased risks that require directors and key leaders to adopt essential risk management strategies to ensure a smooth transition.
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Article 10 mins
How Public Entities and Businesses Can Use Parametric for Emergency Funding
As climate change intensifies the frequency and severity of extreme weather events, public entities and businesses need more flexible funding solutions. Parametric stands out as an adaptable resource capable of swiftly responding to potential disasters.
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Article 17 mins
How Insurance Helps Unlock Capital for Hydrogen Projects Amid Financing Pressures
Funding challenges due to macroeconomic factors have prevented several green and blue hydrogen projects from getting off the ground. Organizations facing hurdles in accessing capital can work with risk and insurance experts to expedite projects and help make the promise of hydrogen a reality.
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Article 11 mins
Strengthening Human Capital Strategies to Attract Talent in the Food, Agribusiness and Beverage Industry
Learn how strong human capital strategies can help recruit, retain and motivate vital talent in a competitive and evolving job market.
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Article 7 mins
Trends U.S. Corporate Boards Should Prepare for in 2025
As corporate boards meet to discuss strategy, including any changes to executive compensation, there are key trends to consider for the year ahead.
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Article 6 mins
Leading the Biofuels Transition: Risk Strategies to Cut Through Complexity
Companies aiming to be a net-zero company may face many challenges during the biofuels transition. Read more on risk strategies to cut through complexity.
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Article 6 mins
DC Pension Schemes: Improving Investment Returns
With DC schemes growing across Europe, many organizations are realizing the importance of ensuring strong performance from their investments. Here’s how asset owners and managers can optimize DC outcomes through the right investment strategy.
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Article 9 mins
Developing a Paid Leave Strategy That Supports Workers and Their Families
With no federal paid leave law in the U.S., employers have limited guidance in designing equitable and comprehensive paid leave programs to support their workforce. Looking beyond compliance to focus on strategy and values will help create fair and well-designed policies.
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Article 8 mins
2025 Salary Increase Planning Tips
Amid economic uncertainty, companies are taking a careful approach to hiring and salary planning — one that includes focused hiring strategies, revising salary budgets and implementing measures that respond to the current economic environment.
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Article 8 mins
Florida Hurricanes Not Expected to Adversely Affect Property Market
Hurricanes Helene and Milton insured loss estimates are expected to fall between $34 billion and $54 billion. Healthy, well-capitalized insurance and reinsurance markets are positioned to absorb those losses.
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Article 17 mins
Q3 2024: Global Insurance Market Overview
Buyer-friendly conditions continued across much of the global insurance market in Q3, painting a largely positive picture as we head into year-end renewals.
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Article 10 mins
Why It’s Key to Conduct Cyber Due Diligence in Financial Services During Mergers and Acquisitions
A successful M&A strategy relies on due diligence across financial, legal, human capital, technology, cyber security and intellectual property risks. As cyber threats become more complex, robust cyber due diligence in private equity and acquisitions is increasingly necessary.
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Article 8 mins
The Evolving Threat of Cargo Theft: 5 Key Mitigation Strategies
Cargo theft in the transportation industry is escalating, driven by sophisticated criminal tactics that exploit both physical and digital vulnerabilities. Businesses must adopt proactive risk management strategies to counter these evolving threats.
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Article 11 mins
4 Megatrends Affecting Middle Market Organizations in North America
Trade, technology, weather and the workforce are interconnected trends shaping the future of business in North America. Understanding them is key to long-term resilience.
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Article 9 mins
Building Resilience in a Buyer-Friendly Cyber and E&O Market
Competition and capacity are dominating the cyber liability market and pricing remains favorable as a result. Taking advantage of the current buyer’s market to build sustained cyber resilience is the key to success.
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Article 10 mins
How Risk Transfer Solutions Increase Capital Access in Renewable Energy M&A Deals
The growing renewable energy sector is boosting M&A activity. Risk transfer solutions can help unlock capital access in these transactions.
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Article 7 mins
Managing Human Capital to Drive Innovation in Life Sciences
Digitalization presents both opportunities and challenges in life sciences, driving new organizational approaches to human capital to keep up with evolving talent needs while building a resilient workforce.
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Article 5 mins
Connected Perspectives: Better Decisions on Digitalization for Financial Institutions
As financial institutions reshape human capital strategies for the digital age, leaders face pressure to balance the risks and opportunities of digitalization.
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Article 9 mins
The Next Evolution of Wellbeing is About Performance
Employers are concerned that previous wellbeing strategies aren’t moving the needle enough. But when wellbeing is part of an organization’s culture, it has positive effects on costs, engagement and productivity.
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Article 6 mins
How Human Capital Data Enhances Risk Management for Financial Institutions
Financial institutions can increase their resilience to volatile threats through enhanced risk management frameworks and innovative models powered by people data and technology.
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Article 10 mins
How Financial Institutions can Prepare for Pay Transparency Legislation
As the deadline for implementing the EU Pay Transparency Directive fast approaches, some financial institutions feel unprepared to comply. These five steps can help guide the way through the upcoming regulatory landscape.
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Article 9 mins
4 Ways to Foster a Thriving Workforce Amid Rising Health Costs
Thriving organizations rely on thriving employees to succeed. With healthcare costs on the rise, it’s time for employers to challenge the status quo in providing health benefits. Organizations need to consider the human side of these increases and take bold action to achieve better outcomes.
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Article 9 mins
How Social Inflation is Impacting the Aviation Industry
The aviation industry is watching the rise in nuclear verdicts with concern as social inflation and associated risks continue to squeeze the sector. Organizations should review their risk management processes to limit the dollar value of future losses.
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Article 12 mins
Navigating AI-Related Risks: A Guide for Directors and Officers
As AI evolves, directors and officers must maneuver through a complex landscape of regulatory and legal risks. Implementing best practices around the use of AI and robust governance-focused risk mitigation can help manage exposures.
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Article 11 mins
A Middle Market Roadmap for Cyber Resilience
Middle market organizations face unique challenges in the ever-changing cyber environment, requiring holistic insurance solutions and enhanced resilience readiness to manage risks that could impact profitability.
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Article 17 mins
3 Strategies to Improve Career Outcomes for Older Employees
With life expectancies and retirement ages on the rise, organizations can capitalize on the value that older employees offer and support them by fostering a workplace where both the business and its people thrive.
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Article 8 mins
Wildfire Risk Fuels New Challenges for U.S. Communities
As climate change compounds wildfire risk, organizations play a critical role in protecting their workforce before and after an event.
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Article 10 mins
5 Ways to Address Health and Wellbeing in the Transportation Industry
The transportation and logistics industry faces unique challenges which can negatively impact employees' health. A cultural shift to more tailored wellbeing strategies can improve health outcomes and boost company performance.
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Article 6 mins
A Streamlined Retirement Solution for Spin-Off Organizations
Pooled employer plans (PEPs) can offer a streamlined solution to the retirement planning challenges inherent in spin-off and M&A events.
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Article 20 mins
5 Ways HR Can Partner with Finance to Drive Growth
The role of HR professionals is becoming more strategic, which requires collaboration with other areas of an organization to help drive growth. Given that people and benefit costs are a large portion of business expenses, partnering with finance is a natural step forward.
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Article 5 mins
Remote Work and Potential Employment Practices Liability Perils
Aon analyzes employee perception about return to office policies following the COVID-19 pandemic, as well as recent actions one organization took for alleged lack of remote employee productivity.
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Article 11 mins
The Silver Lining on M&A Deal Clouds: M&A Insurance Insights from 2023
Despite subdued global M&A in 2023, positive trends have been emerging in the M&A insurance market to help clients improve their deal-making and ‘value-protection on investment’.
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Article 7 mins
Specialist Insights: A Deep Dive into Effective Crisis Management and Evacuation Protocols
Graeme Hudson and Ghonche Alavi from Crisis24 discuss Crisis24’s approach to Political Evacuation and Threat Management with Cara LaTorre from the Financial Services Group at Aon.
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Article 8 mins
3 Human Capital Recommendations for Construction Contractors Entering Asia
European construction contractors are looking with increasing interest at Asia, but to expand successfully into the region, they need to overcome key workforce and market challenges.
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Article 8 mins
How Cyber and Data Resilience Support Growth in Life Sciences
As digitalization presents new risks and opportunities for life sciences organizations, implementing cyber and data resilience ensures that innovation doesn’t result in business interruption.
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Article 7 mins
How Insurance Companies can Sustain Profitable Growth Through the Market Cycle
For insurers, making decisions on where and how to deploy capital becomes more difficult during times of volatility.
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Article 5 mins
Key Considerations When Exploring Captives for Voluntary Employee Benefits
Employers in the U.S. should understand the unique risks associated with voluntary benefit captives when considering alternative insurance arrangements for their voluntary benefit plans.
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Article 7 mins
Improve Safety and Loss Control to Lower Workers Compensation Costs
Workers compensation is an area of risk management that could benefit from a more holistic approach. A safety program that incorporates wellbeing and uses data in a meaningful way can contribute greatly to lowering costs.
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Article 8 mins
How Aon Partnered with Minnesota Firefighters to Create Crucial Health Benefits
Firefighters face a unique set of risks and long-term health consequences from their jobs. Aon worked with Minnesota firefighters to create a benefit program to address three primary health issues.
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Article 8 mins
4 Steps to Help Mitigate the Cost of Open Workers Compensation Claims
Open legacy workers compensation claims place rising financial burdens on employers, who are faced with closing out aged claim inventory and improving their balance sheets in the process.
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Article 5 mins
Climate Change: Evolving Property Risk to Resilience
Organizations must consider the impact of climate change on property, which will vary now and years into the future. Therefore, a thoughtful approach can enhance risk mitigation and resilience strategies.
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Article 8 mins
Middle Market Risk, Regulatory and Compliance Strategies
Helping midsize organizations strike the right balance between risk and compliance with a comprehensive regulatory and compliance framework.
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Article 5 mins
Empowering Employees to Make Better Health Plan Decisions
As U.S. employers balance costs with providing employees more value from their benefits, creating an annual healthcare enrollment process that includes more choice and guidance can accomplish both goals.
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Article 10 mins
Q2 2024: Global Insurance Market Overview
With many insurers reporting healthy profits in 2023, and in response to notable improvements in the reinsurance market, the insurance market in Q2 2024 remained growth-oriented.
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Alert 3 mins
Better Decisions Brief: Perspectives on the CrowdStrike Outage
On July 19, 2024, the CrowdStrike outage became one of the largest IT events in history, impacting businesses and customers around the world. Leaders now have an opportunity to reexamine technology dependencies and business continuity plans to mitigate similar risks in future.
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Article 6 mins
How Insurers are Integrating Climate Change into their Investment Decisions
Insurers are some of the world’s largest institutional investors. Recognising their crucial role in driving the global climate transition, they should identify and analyse climate-related risks and opportunities to improve long-term risk-adjusted returns.
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Article 7 mins
Lessons Learned from the CrowdStrike Outage: 5 Strategies to Build Cyber Resilience
The global CrowdStrike IT outage demonstrated that even non-malicious cyber incidents may have serious repercussions. Events like these serve as a wake-up call for businesses to review their cyber resilience and be prepared for more significant incidents in the future.
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Article 4 mins
Companies Need a Global Benefits Identity in an Era of Cost Containment
More global benefits professionals are aligning benefit strategy to an employer’s identity and values.
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Alert 10 mins
Responding to the CrowdStrike Outage: Implications for Cyber (Re)Insurance
CrowdStrike, a global cybersecurity firm, released an update for its Falcon sensor, which caused system crashes on Microsoft Windows systems globally.
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Article 8 mins
Responding to Cyber Attacks: How Directors and Officers and Cyber Policies Differ
Cyber incidents continue to grow in frequency and severity, especially as new technology emerges. While D&O and cyber liability policies offer distinct coverage differences, terms need to be carefully structured to avoid potential gaps.
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Article 6 mins
Insurance and the Metaverse: Safeguarding Virtual Assets
Insurers are venturing into the thriving digital landscape of the Metaverse, covering virtual assets, safeguarding intellectual property, and protecting the wellbeing of users and avatars. With this evolution, comes new challenges and the unique opportunity to shape the future of insurance.
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Article 10 mins
Build Resilience for an Extremely Active Atlantic Hurricane Season
Record-warm Atlantic Ocean temperatures and a shift to La Niña conditions have led forecasters to predict an extremely active Atlantic hurricane season in 2024. Learn how to build business resilience to mitigate risk for hurricane-prone properties.
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Alert 7 mins
Workforce Implications of U.S. Supreme Court Ruling on ‘Chevron Deference’
The U.S. Supreme Court has changed the way laws are interpreted in the development of regulations. This change has the potential for far-reaching consequences for both regulatory agencies and employers.
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Article 4 mins
Credit Solutions Market Overview
Overview of the current trade credit insurance market and outlook on trend developments.
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Article 11 mins
Building a Future-Ready Workforce for the Professional Services Industry
The need to attract and retain high-quality talent in an environment of intense competition is at the forefront of professional services leaders’ minds.
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Article 11 mins
Enhancing Cyber Resilience in the Renewables Sector
Renewable energy is critical to meet net-zero targets, but as the industry grows, so do cyber attack surfaces. Learn how to prepare for emerging threats and support long-term ambitions.
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Article 7 mins
Connected Perspectives: Better Decisions on Interconnected Risks for FAB Organizations
As the scale and speed of interconnected risks escalate, innovative risk management strategies help FAB businesses build the resilience and agility needed to thrive.
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Article 10 mins
Driving a Future-Proof, Skills Based Approach for the Renewable Energy Sector
The renewable energy sector is undergoing a sweeping transformation, as it plays a pivotal role in the challenge to achieve global net-zero goals. Attracting, upskilling and retaining talent is critical for sustainability.
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Article 7 mins
How to Navigate Evolving Construction Contractor Risks in EMEA
Contractors in EMEA face an array of risks they must mitigate or transfer while managing the complexities inherent in major construction projects.
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Article 12 mins
8 Focus Areas for the Renewable Energy Sector
As more companies seek to reduce their carbon footprint, the renewable energy sector continues to grow, presenting both opportunities and red flags for organizations with renewable energy growth plans.
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Article 6 mins
Reshoring: Managing Risks and Building Resilience Closer to Home
Proactive risk management and data-driven reshoring strategies can empower risk managers in logistics companies to navigate supply chain complexities with confidence.
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Article 5 mins
Captive Insurance: Uptick in Use Reflects Market Realities
As more companies become comfortable using captives and understanding the value they add, captives are likely to become further embedded into corporate risk strategies, regardless of market conditions.
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Article 6 mins
Building Strategies for Sustainable Growth as a Mid-Sized Organization
Helping midsize organizations leverage key partnerships to address challenges around talent, market, regulatory compliance, and leveraging capital.
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Article 12 mins
Helping Employers Navigate the Rise in High-Cost Medical Claims
A rapid rise in medical plan costs is being driven in part by high-cost claimants — a high-risk group that disproportionately accounts for a large amount of healthcare costs. Here are strategies for addressing this issue.
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Article 9 mins
Four Steps to Implementing an Effective Online Benefits Platform
Online benefits platforms are a key component of the overall employee value proposition. As employers maximize the ROI of their people spend, here are four tips which may assist with implementing a successful online benefits platform.
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Article 8 mins
Pay Transparency Can Lead to Better Equity Across Benefits
Efforts to bring more transparency to pay practices shine a light on benefits equity — and it’s not only about wages and salary.
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Article 3 mins
Building Resilience Against the Constant Cyber Threat
The rapid pace of digitalisation means that organisations in the UK are constantly struggling with the ever-present threat of cyber attacks.
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Article 2 mins
Creating a Fair and Equitable Workforce for Everyone
Equity has an important part to play in a balanced strategy to improve the attraction and retention of key employees.
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Article 2 mins
How to Balance the Conflicting Forces of Efficiency, Performance and Wellbeing
How are business leaders adapting to a generational change in how work gets done?
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Article 2 mins
Introduction: Clarity and Confidence to Make Better Decisions
Lori Goltermann, CEO of Regions and Enterprise Clients, Aon examines the main issues discussed at the event.
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Article 2 mins
Making Better Decisions – A Treasurer’s Perspective
Our panel discussion looked at the issues facing corporate treasurers and how they have become more complex and interconnected.
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Article 3 mins
Seizing the Opportunity: Building a Comprehensive Approach to Risk Transfer
Businesses are still in search of competition, alternatives and innovation in their insurance programmes.
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Article 2 mins
Tapping New Markets to Unlock Deal Value
Companies and financial sponsors are constantly seeking innovative and capital-efficient ways to facilitate M&A deals.
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Article 2 mins
The Age of Rising Resilience – An Economic Outlook
Professor Trevor Williams analyses the latest indicators and what they mean for the UK — and global — economy.
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Article 2 mins
The Aon Difference
How Aon is moving further, faster to bring new, innovative solutions that address companies’ risk and people challenges.
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Article 5 mins
The Rise of the Skills-Based Organisation
Today's employers need to continually learn and adapt to emerging technologies and skills if they are to thrive in the talent landscape.
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Article 3 mins
The Year of the Vote: How Geopolitical Volatility Will Impact Businesses
Companies that operate around the world need to have a global appreciation of the heightening geopolitical risk.
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Article 6 mins
Three Ways Collective Retirement Plans Support HR Priorities
Collective retirement plans are growing in popularity and improving employees’ financial wellbeing in the process. Other advantages that haven’t been as widely explored include how these retirement structures allow HR to shift its focus to strategy.
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Article 8 mins
How North American Construction Contractors Can Mitigate Emerging Risks
Getting ahead of risk is vital for North American construction contractors, as they aim to manage evolving issues, while delivering job safety, solving workforce shortages and containing project costs.
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Alert 6 mins
U.S. Department of Labor Restores and Extends Overtime Protections
The Department of Labor released a final rule increasing overtime protections for the standard salary level threshold for the “white collar" exemptions and the threshold for employees classified as Highly Compensated Employees. Employers need to prepare for these significant changes.
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Article 10 mins
How Insurers Can Capture Climate Opportunities
Climate change adaptation and the transition to net zero present huge premium growth opportunities for insurers. The key question is how to get started.
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Article 7 mins
How to Navigate the EMEA Cyber Risk Insurance Market
As the cyber insurance landscape continues to evolve in EMEA, companies need actionable insights and solutions to strengthen their cyber risk strategies.
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Article 9 mins
Insurers Seek Risk Transfer Solutions to Offset Higher Retentions and Resume Growth
The challenges of 2023 eroded the buffers that many insurers had previously enjoyed, bringing an increased focus on capital management and a variety of capital sources according to Aon’s capital poll.
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Article 6 mins
How to Make the Most of Voluntary Benefit Plans in the U.S.
As healthcare costs rise, voluntary benefits are a critical component of engaging employees, while also helping to manage direct and indirect medical expenses. Here are three strategies for employers to make the most of their voluntary benefits.
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Article 8 mins
NIS2 Compliance Readiness for Organizations across the European Union
The expansive scope, stringent sanctions and pivotal role of management related to the new NIS2 Directive provide a strong foundation to protect against evolving cyber risks.
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Article 8 mins
London Insurance Market: Unveiling Demands for New Skills in 2024
The London insurance market seeks a generation of game-changers who can navigate uncertainties and drive innovation to ensure the industry’s future success in a digitalised world.
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Article 15 mins
How Artificial Intelligence is Transforming Human Resources and the Workforce
Artificial intelligence is having a measurable impact across all aspects of HR — from talent management to compensation, health and benefits, and retirement planning. To effectively harness the technology, HR leaders must ensure both their own teams and the wider workforce are prepared.
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Article 8 mins
Energy Transition Investments: How Advanced Analytics Can Empower Organizations
Advanced analytics can empower organizations with deeper insights into the risks and opportunities surrounding renewables, while also supporting energy transition investment.
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Article 17 mins
Q1 2024: Global Insurance Market Overview