Profile: Aon PLC (AON)
6 May 2016
Aon plc, incorporated on December 8, 2011, is a provider of risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing. The Company operates through two segments: Risk Solutions and HR Solutions.
Risk Solutions acts as an advisor and insurance and reinsurance broker, helping clients manage their risks via consultation, as well as negotiation and placement of insurance risk with insurance carriers through its global distribution network. The Risk Solutions segment provides risk and insurance, as well as reinsurance, brokerage and related services, through two transactional product lines: retail brokerage and reinsurance brokerage. In addition, a component of this business is the Company's risk consulting services. Retail brokerage encompasses the Company's retail brokerage services, affinity products, managing general underwriting, placement, captive management services and data and analytics, such as its Global Risk Insight Platform. Reinsurance brokerage offers advisory services in program design and claim recoveries intended to enhance the risk/return characteristics of insurance policy portfolios, improve capital utilization, and evaluate and mitigate catastrophic loss exposures. The Company acts as a broker or intermediary for all classes of reinsurance. It also provides actuarial, enterprise risk management, catastrophe management and rating agency advisory services.
HR Solutions partners with organizations to solve their human capital and related financial challenges in the areas of health, retirement and talent. The Company designs, implements, communicates and administers a range of human capital, retirement, investment consulting, health care, compensation and talent management strategies. It provides products and services in this segment primarily under the Aon Hewitt brand. HR Solutions offers a range of human capital services in the following practice areas: Retirement, which specializes in providing global actuarial services, defined contribution consulting, pension de-risking, tax and ERISA consulting, and pension administration; Compensation, which is engaged in compensation advisory/counsel, including compensation planning design, executive reward strategies, salary survey and benchmarking, market share studies and sales force effectiveness assessments; Strategic Human Capital, which delivers advice to global organizations on talent, change and organizational effectiveness issues, including talent strategy and acquisition, executive on-boarding, performance management, leadership assessment and development, communication strategy, workforce training and change management; Investment consulting, which advises public and private companies, other institutions and trustees on developing and maintaining investment programs across a range of plan types, including defined benefit plans, defined contribution plans, endowments and foundations; Benefits Administration, which is engaged in defined benefit (pension), defined contribution (401(k)), and health and welfare administrative services; Exchanges, which is engaged in building and operating health care exchanges that provide employers with an alternative to traditional employee and retiree healthcare, and Human Resource Business Process Outsourcing, which provides traditional and cloud -based solutions to manage employee data, administer benefits, payroll and other human resources processes, and record and manage talent, workforce and other core HR process transactions.
The Company competes with Marsh & McLennan Companies, Inc., Towers Watson & Co and Willis Group Holdings Public Limited Company.
The Leadenhall Building
122 Leadenhall Street
LONDON EC3V 4AB