Public and Private Partnerships: Key Collaborations That Can Lead to A Better Recovery

Public and Private Partnerships: Key Collaborations That Can Lead to A Better Recovery
August 21, 2020 7 Min Read

Public and Private Partnerships: Key Collaborations That Can Lead to A Better Recovery

Public and Private Partnerships: Key Collaborations That Can Lead to A Better Recovery Hero Image

At the height of the COVID pandemic, Aon led a series of global Work, Travel, and Convene coalitions to help organizations restart their economies safely amid the current pandemic.

Key Takeaways
  1. Bridget Gainer, Chief Commercial Officer, shares her perspective on the recovery process and the need for public-private partnerships.
  2. Recovery from the pandemic requires collaboration between the public and private sector.
  3. Aon is facilitating cooperation among private organizations by bringing similar companies together to share best practices and co-develop a high-level approach to recovery.

Organizations are facing some of the most difficult challenges they’ve ever experienced. To emerge better from the current pandemic, Aon is leading a series of Work, Travel and Convene coalitions throughout the globe that bring together companies across industries to develop plans, guidelines, and share best practices, in order to help restart the economies safely.

Bridget Gainer, Chief Commercial Officer for Aon’s Public Sector Partnership, shares her perspective on the shape of recovery and new ways of working – which will require collaborations across both the public and private sector.

Q: What does recovery look like to you?

Bridget Gainer: There is no precedent for what we’re currently facing. One organization or one government will not be able to chart the path forward on their own. To help answer some immediate-term questions like “what does return to workplace look like?” or the broader future of the workplace, Aon is convening companies and governments together to have these discussions and share best practices to build plans in partnership with each other.

The goal is to establish what recovery looks like, and how we, as a global society, can emerge from this “better.” There is no “right” answer to many of these questions, so we’re looking at examples from across the globe that are coming from various places, some within the private sector, some within the public sector, that can provide a good starting point for others. Many of these questions rely on data pulled from various sources that can help lead to more informed thinking that can lead to stronger decisions in this uncertain environment.
In addition, we’re looking at historic examples, such as after the 9/11 attacks when the U.S. government helped accelerate business returning to normal with a government backstop, as well as steps taken in the aftermath of the 2008 Financial Crisis, to de-risk mortgage activity.

Q: This public and private partnership seems key. How do you see this working across different industries?

Bridget Gainer: Consider how cities functioned before, and how the large-scale shutdowns driven by the pandemic have changed this. There may be no going back to the same ways of a city working. Transportation, travel, local businesses – all will be impacted, and will fundamentally change how cities work. This necessitates a strong partnership between private firms and public governments to meet the challenges – as well as the opportunities that we may face.

Plus, many of the issues private entities are experiencing as they reimagine how they work are also challenges for public organizations. Whether it be how our health system may be transformed, or how we view cyber risk, to challenges such as our ability to respond to natural disasters and longer term issues such as climate change: public-private partnerships will be critical.

Q: Cooperation among private organizations is also a major part of the Aon-led “Work, Travel, and Convene” coalitions. How do you see this working?

Bridget Gainer: While it might seem as though we’re all going through the same experience around the world, no company is facing the exact same challenge. So first, we want to understand where firms are in their current planning and how they are approaching a return to the workplace, including their use of health screenings, environmental health and space planning, legal and compliance issues, and communication to employees and stakeholders.

By bringing like companies together, we can facilitate dialogues to share best practices and co-develop a high-level approach to recovery. This forum of peers will be powerful for organizations as they plan so they can share information, advice, and together influence how city and state stakeholders give advice.

General Disclaimer

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.

Terms of Use

The contents herein may not be reproduced, reused, reprinted or redistributed without the expressed written consent of Aon, unless otherwise authorized by Aon. To use information contained herein, please write to our team.

More Like This

View All
  • Pricing Platform: Avoiding Pricing Pitfalls Hero Banner

    Article 19 Min Read

    Pricing Platform: Avoiding Pricing Pitfalls

    Pricing pitfalls are more common than you think, whether it's working with incomplete data or key man risk – but with the right pricing process, many of these issues can be mitigated. Read our article to learn about the most common pricing errors, and what insurers can do about it.

  • Pricing Platform: The Importance of Getting Pricing Right Hero Banner

    Article 18 Min Read

    Pricing Platform: The Importance of Getting Pricing Right

    In today's increasingly complex insurance landscape, an inadequate pricing system can not only impact insurers' view of risk, but also prevent them from making the right decisions at the right time. Read our article on why it's essential to get pricing right.

Subscribe CTA Banner