netrashetty
Netra Shetty
Aon Corporation (NYSE: AON) is a provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting. It is based in the Aon Center in Chicago Loop Illinois, United States.[3] In July 2007, Aon Corp. was ranked as the world's second largest insurance broker.[4]
Aon was created in 1982, when the Ryan Insurance Group (founded by Pat Ryan in the 1960s) merged with the Combined Insurance Company of America (founded by W. Clement Stone in 1919). In 1987, that company was introduced to Wall Street as Aon, a Gaelic word meaning “oneness”. Combined Insurance was sold to ACE Limited in April 2008.
On August 22, 2008, Aon announced that it had acquired London-based Benfield Group. The acquiring price was US$1.75 billion or £935 million, with US$170 million of debt.[5] Today, the company is best known internationally as the principal sponsor of English football giant, Manchester United.[6][7]
On July 12, 2010, Aon announced that it has agreed to buy Lincolnshire, IL based Hewitt Associates for $4.9 billion in cash and stock.[8]
eSolutions: Risk Management Software
Aon eSolutions is the technology solutions arm of Aon Corporation. With offices in 22 countries across six continents, we provide innovative risk management software, services and solutions to meet the varied needs of our risk and insurance clients. Our product and services include risk management information systems (RMIS), claims and policy administration systems, casualty risk management and compliance tools and incoming certificate tracking.
AonLine
AonLine is an online suite of personalized risk management tools for team collaboration, communication and information. Think of it as a digital doorway that connects your offices and your Aon account team to centralized Aon resources—a doorway that promotes teamwork, improves workflow and helps you retain a strategic vision of risk without losing sight of the details.
Aon RiskConsole
Aon RiskConsole is a true browser-based risk management information system (RMIS) that combines claim, exposure, policy, and other risk-related data to provide risk managers with a comprehensive view of their organization's risk. Launched in 2001, Aon RiskConsole is the pioneer in browser-based risk information technology. Used by more than 100,000 users in more than 40 countries in eight languages, RiskConsole is the premier global RMIS solution.
Aon SafetyLogic
Our casualty risk control tools are a comprehensive and customizable suite of web-based risk management software that helps capture, track and record day-to-day risk control actions and activities. SafetyLogic’s solutions have proven successful in helping to reduce the costs associated with maintaining compliance, employee safety and HR training, and MSDS management.
iVOS
iVOS, is a “one-system” solution that encompasses claims management, medical bill review, policy administration, case management, billing, events management and other related insurance functions for multiple lines of insurance. By integrating various processes into one platform, we enable organizations to improve efficiency and outcomes, while also reducing risks and losses. iVOS is user-friendly and harnesses the power of browser-based technology to improve communication, collaboration, and connectivity among various stakeholders.
Insurance Programs: Group and Individual
As the premier broker/administrator of affinity insurance programs around the globe, Aon is uniquely positioned to provide all necessary resources, intellectual capital and experience required to deliver you the right solutions.
Group Insurance Programs
Aon is dedicated to providing its full array of resources and talent to develop insurance programs for groups and industries with even the most complex and diverse insurance and risk management needs, anywhere in the world, at any time.
Individual Insurance
Aon develops, delivers and administers personal insurance products for affinity groups, including property and casualty, life and health, as well as specialty offerings. We thrive on the opportunity to design individual insurance programs.
Database Marketing Services
Aon Direct Group (ADG) helps you capitalize on untapped marketing and revenue opportunities. We do this by partnering with affinity/loyalty organizations whereby we can employ our resources as a global insurance organization that specializes in the direct marketing of insurance products and services.
Human Resources
Aon Hewitt is the world’s pre-eminent human resources consulting and outsourcing firm with the resources, expertise, and global reach to solve the most pressing and complex people challenges that organizations face today.
We employ the strongest team of professionals in the industry, who have access to the widest breadth and depth of research, platforms, and services in more locations and for more industry segments than any other human capital firm. Our singular focus is on our clients: We deliver distinctive value, top-rated customer service, and measurable business impact.
Consulting Services
The importance of people to the global economy has never been greater. CEOs increasingly rate human resources issues among their top challenges and business priorities. To compete effectively, businesses need strategies for attracting, rewarding, retaining and motivating the best talent in their industry.
Aon Hewitt consultants are helping companies solve some of their most complex people challenges. We work with clients to design incentive programs, manage pension risk, develop investment strategies, optimize organizational structures to improve business results and guide clients through retirement, pension and health care reform. No team is better equipped with industry-leading talent, proactive thought leadership and innovative solutions than Aon Hewitt.
Benefits Administration
Whether your organization is a complex global enterprise or a growing mid-sized business, Aon Hewitt’s outsourcing solutions improve benefits delivery, reduce compliance risk and enable our clients to focus on more strategic issues.
Our integrated, scalable approach to benefits outsourcing allows organizations to outsource major components of their HR function, such as retirement and health and welfare administration. We have the domain expertise, quality, processes and technology to manage complex HR organizations and offerings to improve the ROI of our clients’ HR investments.
HR Business Process Outsourcing
Many organizations outsource multiple HR processes to cut costs, create a more strategic HR function, and deliver improved service to a global workforce. Aon Hewitt helps organizations outsource multiple HR processes to a single provider, creating a more strategic HR function, transforming delivery models and improving service to employees.
As the largest HR business process outsourcing provider in the world, we handle more than 70 million HR-related customer interactions each year for nearly 20 million employees, retirees and their families. We have a proven approach—backed by a configurable, scalable technology platform—to help clients migrate to leading HR standards and practices at a pace that’s right for the organization.
Reinsurance
As the industry leader in treaty, facultative and capital markets, Aon Benfield is redefining the role of the reinsurance intermediary and capital advisor. Through our unmatched talent and industry-leading proprietary tools and products, we help our clients redefine themselves and their success. As a trusted advocate, we provide local reach to the world's markets, an unparalleled investment of USD100+ million per year in innovative analytics, including catastrophe management, actuarial, and rating agency advisory, and the right professionals to advise clients in making the optimal capital choice for their business. With an international network of more than 450 dedicated analytics experts, our worldwide client base is able to access the broadest portfolio of integrated capital solutions and services.
Analytics
Aon Benfield Analytics is the industry leader in actuarial, enterprise risk management, catastrophe management, and rating agency advisory. Our track record of innovation and world-class position in analytics, modeling and client-facing technology helps you to optimize your portfolio. Proprietary tools include ReMetrica, CatPortal, and ExposureView. Also, our Impact Forecasting team develops tools and models that help you understand financial implications of natural and man-made catastrophes around the world.
Claims, Contract Wording and Client Services
Effective reinsurance client service focuses on meeting your needs, at any time and in any place in the world. Emphasizing the importance of accountability, superior communication and transparency, Aon Benfield uses state-of-the-art technology and employs industry-leading professionals to deliver claims, accounting, contract wording and market security expertise.
Facultative Reinsurance
Facultative buying can be perceived as time consuming and administratively burdensome, but by working through Aon Benfield, the execution risk of facultative transactions is reduced. Aon Benfield Fac is making fac accessible, efficient and strategic, allowing you to grow your business without exposing underwriting results to excessive volatility from individual policy coverage. Our global reach and client-focused solutions offer efficient access to the optimal capacity at the best price available.
Inpoint
Inpoint is dedicated to helping insured carriers improve their business performance across the core areas that create value: premium flow, expense ratio, capital management and loss costs.
Investment Banking Group
Aon Benfield Investment Banking Group, a combination of Aon Capital Markets and Benfield Advisory, has participated in more catastrophe bond, contingent capital, sidecar, capital-raising, new company formation and merger and acquisition deals than any other reinsurance team in the industry. We lead the market with our industry knowledge and provide a unique framework to help you evaluate comprehensive financing alternatives on a consistent basis with traditional options and metrics. Our capital markets and financial advisory capabilities include: structuring; distribution; secondary trading; M&A; capital raising and recapitalization.
Treaty Reinsurance
Treaty reinsurance addresses your underwriting and capital objectives on a portfolio level, allowing you to more effectively manage the combination of premium growth, return on capital and rating agency interests. As the world’s leading treaty reinsurance broker, Aon Benfield is uniquely positioned to provide you with flexible treaty programs, structured and priced in ways that reflect your unique objectives and underwriting profile.
Our experts are aligned with specialty practice groups to ensure that our dedicated expertise best meets your specific needs. In each group, our client-focused specialists use industry experience, advanced analytics, capital market products and strong market relationships to identify markets for clients and support the creation of new capacity to address the changing needs of our clients.
Personalized Risk Management Solutions for Your Business
Our team of experts applies a client-focused approach that leverages our global network of resources, industry-leading data and analytics and specialized expertise. We work with you to identify your business needs and understand the complexity of your organization to design creative, personalized solutions delivered seamlessly, anywhere in the world, though a local point of contact.
Actuarial Risk Assessment
Analyzing historical experience and trends and evaluating potential losses are critical tools in the on-going, effective management of risk. Aon’s actuarial risk assessment specialists evaluate the financial impact of current economic, legal and social trends and use these insights to help you design sound strategies for your business.
Captive Management
Aon’s Global Captive Management team specializes in the formation and management of captive insurance and reinsurance companies, overseeing more than 1,300 insurance vehicles in over 30 locations worldwide.
Casualty Risk Control
Our casualty risk control professionals focus on the design, implementation and communication of cost-effective compliance and loss-cost reduction programs. We help our clients minimize the costs associated with employee injury, third-party liabilities and product liabilities.
Claims Consulting
Our claims consulting professionals assist in the pre- and post-loss design and implementation of strategies that reduce the financial impact of events. Extending significantly beyond the traditional scope of broker claims support, Aon has developed a range of solutions that contribute to casualty and property risk management programs.
Enterprise Risk Management
Aon helps diverse enterprises to better understand the universe of risks they face. We analyze risk from an integrated perspective, exploring the interdependency of risk relationships within your company.
Environmental Risk Management
Environmental risks pose a serious threat. Aon provides risk identification and control by bringing together processes, people, and approaches. We are the environmental risk management advisor of choice for companies throughout the world.
Errors & Omissions
Errors and omissions insurance is an increasingly important component of an effective risk management strategy. Aon will help you minimize your exposure and structure a cost-effective, customized solution.
Kidnap & Ransom Insurance
Kidnap for ransom is a very real threat in many parts of the world, and global corporations have a duty of care to their local, traveling and expatriate staff. An organization dealing with an incident faces potential losses from ransom payments, business interruption, litigation, adverse publicity and long-term damage to reputation. Our experts can ensure that your people and your business are given the most comprehensive kidnap ransom insurance and protection.
Mergers & Acquisitions
Unprecedented levels of mergers and acquisitions activity across the globe is a reality for strategic and financial buyers. The complexity of these transactions demands skilled and dedicated advisors who can identify risks and opportunities and add value throughout the lifecycle of a deal.
Political Risk Management
Companies with cross border interests in unstable or emerging markets face a volatile risk environment that requires careful planning and management. Aon works in partnership with some of the world’s leading financial institutions, global corporations, traders and exporters, to help them mitigate and manage their risk exposures utilizing a full service political risk management practice
Property Risk Control
Aon’s property risk control professionals focus on the design, implementation and communication of cost-effective asset protection programs. We will help you protect your balance sheet and secure the most appropriate risk financing and insurance strategies, concurrently supporting your risk mitigation and risk transfer goals.
Risk Engineering
Aon’s 250 engineering professionals help clients design and complete construction projects using their interpretive knowledge of international building codes and standards, regional relationships with building authorities and globally distributed in-house industry experts. We work with facility owners, developers, architects and general contractors in all industry sectors to ensure the delivery of distinctive client value and trusted risk engineering.
Terrorism Risk Management
In an increasingly complex world Terrorism risk management has never been more important for organizations to protect their interests. Global extremists aim for sensational destruction and loss of life, and give no warnings. Domestic groups in many countries are becoming more sophisticated. And you do not have to be the intended target-even an attack near your facilities could result in human casualties, property damage, business interruption, relocation costs, long-term damage to reputation and loss of public confidence.
Aon was created in 1982, when the Ryan Insurance Group (founded by Pat Ryan in the 1960s) merged with the Combined Insurance Company of America (founded by W. Clement Stone in 1919). In 1987, that company was introduced to Wall Street as Aon, a Gaelic word meaning “oneness”. Combined Insurance was sold to ACE Limited in April 2008.
On August 22, 2008, Aon announced that it had acquired London-based Benfield Group. The acquiring price was US$1.75 billion or £935 million, with US$170 million of debt.[5] Today, the company is best known internationally as the principal sponsor of English football giant, Manchester United.[6][7]
On July 12, 2010, Aon announced that it has agreed to buy Lincolnshire, IL based Hewitt Associates for $4.9 billion in cash and stock.[8]
eSolutions: Risk Management Software
Aon eSolutions is the technology solutions arm of Aon Corporation. With offices in 22 countries across six continents, we provide innovative risk management software, services and solutions to meet the varied needs of our risk and insurance clients. Our product and services include risk management information systems (RMIS), claims and policy administration systems, casualty risk management and compliance tools and incoming certificate tracking.
AonLine
AonLine is an online suite of personalized risk management tools for team collaboration, communication and information. Think of it as a digital doorway that connects your offices and your Aon account team to centralized Aon resources—a doorway that promotes teamwork, improves workflow and helps you retain a strategic vision of risk without losing sight of the details.
Aon RiskConsole
Aon RiskConsole is a true browser-based risk management information system (RMIS) that combines claim, exposure, policy, and other risk-related data to provide risk managers with a comprehensive view of their organization's risk. Launched in 2001, Aon RiskConsole is the pioneer in browser-based risk information technology. Used by more than 100,000 users in more than 40 countries in eight languages, RiskConsole is the premier global RMIS solution.
Aon SafetyLogic
Our casualty risk control tools are a comprehensive and customizable suite of web-based risk management software that helps capture, track and record day-to-day risk control actions and activities. SafetyLogic’s solutions have proven successful in helping to reduce the costs associated with maintaining compliance, employee safety and HR training, and MSDS management.
iVOS
iVOS, is a “one-system” solution that encompasses claims management, medical bill review, policy administration, case management, billing, events management and other related insurance functions for multiple lines of insurance. By integrating various processes into one platform, we enable organizations to improve efficiency and outcomes, while also reducing risks and losses. iVOS is user-friendly and harnesses the power of browser-based technology to improve communication, collaboration, and connectivity among various stakeholders.
Insurance Programs: Group and Individual
As the premier broker/administrator of affinity insurance programs around the globe, Aon is uniquely positioned to provide all necessary resources, intellectual capital and experience required to deliver you the right solutions.
Group Insurance Programs
Aon is dedicated to providing its full array of resources and talent to develop insurance programs for groups and industries with even the most complex and diverse insurance and risk management needs, anywhere in the world, at any time.
Individual Insurance
Aon develops, delivers and administers personal insurance products for affinity groups, including property and casualty, life and health, as well as specialty offerings. We thrive on the opportunity to design individual insurance programs.
Database Marketing Services
Aon Direct Group (ADG) helps you capitalize on untapped marketing and revenue opportunities. We do this by partnering with affinity/loyalty organizations whereby we can employ our resources as a global insurance organization that specializes in the direct marketing of insurance products and services.
Human Resources
Aon Hewitt is the world’s pre-eminent human resources consulting and outsourcing firm with the resources, expertise, and global reach to solve the most pressing and complex people challenges that organizations face today.
We employ the strongest team of professionals in the industry, who have access to the widest breadth and depth of research, platforms, and services in more locations and for more industry segments than any other human capital firm. Our singular focus is on our clients: We deliver distinctive value, top-rated customer service, and measurable business impact.
Consulting Services
The importance of people to the global economy has never been greater. CEOs increasingly rate human resources issues among their top challenges and business priorities. To compete effectively, businesses need strategies for attracting, rewarding, retaining and motivating the best talent in their industry.
Aon Hewitt consultants are helping companies solve some of their most complex people challenges. We work with clients to design incentive programs, manage pension risk, develop investment strategies, optimize organizational structures to improve business results and guide clients through retirement, pension and health care reform. No team is better equipped with industry-leading talent, proactive thought leadership and innovative solutions than Aon Hewitt.
Benefits Administration
Whether your organization is a complex global enterprise or a growing mid-sized business, Aon Hewitt’s outsourcing solutions improve benefits delivery, reduce compliance risk and enable our clients to focus on more strategic issues.
Our integrated, scalable approach to benefits outsourcing allows organizations to outsource major components of their HR function, such as retirement and health and welfare administration. We have the domain expertise, quality, processes and technology to manage complex HR organizations and offerings to improve the ROI of our clients’ HR investments.
HR Business Process Outsourcing
Many organizations outsource multiple HR processes to cut costs, create a more strategic HR function, and deliver improved service to a global workforce. Aon Hewitt helps organizations outsource multiple HR processes to a single provider, creating a more strategic HR function, transforming delivery models and improving service to employees.
As the largest HR business process outsourcing provider in the world, we handle more than 70 million HR-related customer interactions each year for nearly 20 million employees, retirees and their families. We have a proven approach—backed by a configurable, scalable technology platform—to help clients migrate to leading HR standards and practices at a pace that’s right for the organization.
Reinsurance
As the industry leader in treaty, facultative and capital markets, Aon Benfield is redefining the role of the reinsurance intermediary and capital advisor. Through our unmatched talent and industry-leading proprietary tools and products, we help our clients redefine themselves and their success. As a trusted advocate, we provide local reach to the world's markets, an unparalleled investment of USD100+ million per year in innovative analytics, including catastrophe management, actuarial, and rating agency advisory, and the right professionals to advise clients in making the optimal capital choice for their business. With an international network of more than 450 dedicated analytics experts, our worldwide client base is able to access the broadest portfolio of integrated capital solutions and services.
Analytics
Aon Benfield Analytics is the industry leader in actuarial, enterprise risk management, catastrophe management, and rating agency advisory. Our track record of innovation and world-class position in analytics, modeling and client-facing technology helps you to optimize your portfolio. Proprietary tools include ReMetrica, CatPortal, and ExposureView. Also, our Impact Forecasting team develops tools and models that help you understand financial implications of natural and man-made catastrophes around the world.
Claims, Contract Wording and Client Services
Effective reinsurance client service focuses on meeting your needs, at any time and in any place in the world. Emphasizing the importance of accountability, superior communication and transparency, Aon Benfield uses state-of-the-art technology and employs industry-leading professionals to deliver claims, accounting, contract wording and market security expertise.
Facultative Reinsurance
Facultative buying can be perceived as time consuming and administratively burdensome, but by working through Aon Benfield, the execution risk of facultative transactions is reduced. Aon Benfield Fac is making fac accessible, efficient and strategic, allowing you to grow your business without exposing underwriting results to excessive volatility from individual policy coverage. Our global reach and client-focused solutions offer efficient access to the optimal capacity at the best price available.
Inpoint
Inpoint is dedicated to helping insured carriers improve their business performance across the core areas that create value: premium flow, expense ratio, capital management and loss costs.
Investment Banking Group
Aon Benfield Investment Banking Group, a combination of Aon Capital Markets and Benfield Advisory, has participated in more catastrophe bond, contingent capital, sidecar, capital-raising, new company formation and merger and acquisition deals than any other reinsurance team in the industry. We lead the market with our industry knowledge and provide a unique framework to help you evaluate comprehensive financing alternatives on a consistent basis with traditional options and metrics. Our capital markets and financial advisory capabilities include: structuring; distribution; secondary trading; M&A; capital raising and recapitalization.
Treaty Reinsurance
Treaty reinsurance addresses your underwriting and capital objectives on a portfolio level, allowing you to more effectively manage the combination of premium growth, return on capital and rating agency interests. As the world’s leading treaty reinsurance broker, Aon Benfield is uniquely positioned to provide you with flexible treaty programs, structured and priced in ways that reflect your unique objectives and underwriting profile.
Our experts are aligned with specialty practice groups to ensure that our dedicated expertise best meets your specific needs. In each group, our client-focused specialists use industry experience, advanced analytics, capital market products and strong market relationships to identify markets for clients and support the creation of new capacity to address the changing needs of our clients.
Personalized Risk Management Solutions for Your Business
Our team of experts applies a client-focused approach that leverages our global network of resources, industry-leading data and analytics and specialized expertise. We work with you to identify your business needs and understand the complexity of your organization to design creative, personalized solutions delivered seamlessly, anywhere in the world, though a local point of contact.
Actuarial Risk Assessment
Analyzing historical experience and trends and evaluating potential losses are critical tools in the on-going, effective management of risk. Aon’s actuarial risk assessment specialists evaluate the financial impact of current economic, legal and social trends and use these insights to help you design sound strategies for your business.
Captive Management
Aon’s Global Captive Management team specializes in the formation and management of captive insurance and reinsurance companies, overseeing more than 1,300 insurance vehicles in over 30 locations worldwide.
Casualty Risk Control
Our casualty risk control professionals focus on the design, implementation and communication of cost-effective compliance and loss-cost reduction programs. We help our clients minimize the costs associated with employee injury, third-party liabilities and product liabilities.
Claims Consulting
Our claims consulting professionals assist in the pre- and post-loss design and implementation of strategies that reduce the financial impact of events. Extending significantly beyond the traditional scope of broker claims support, Aon has developed a range of solutions that contribute to casualty and property risk management programs.
Enterprise Risk Management
Aon helps diverse enterprises to better understand the universe of risks they face. We analyze risk from an integrated perspective, exploring the interdependency of risk relationships within your company.
Environmental Risk Management
Environmental risks pose a serious threat. Aon provides risk identification and control by bringing together processes, people, and approaches. We are the environmental risk management advisor of choice for companies throughout the world.
Errors & Omissions
Errors and omissions insurance is an increasingly important component of an effective risk management strategy. Aon will help you minimize your exposure and structure a cost-effective, customized solution.
Kidnap & Ransom Insurance
Kidnap for ransom is a very real threat in many parts of the world, and global corporations have a duty of care to their local, traveling and expatriate staff. An organization dealing with an incident faces potential losses from ransom payments, business interruption, litigation, adverse publicity and long-term damage to reputation. Our experts can ensure that your people and your business are given the most comprehensive kidnap ransom insurance and protection.
Mergers & Acquisitions
Unprecedented levels of mergers and acquisitions activity across the globe is a reality for strategic and financial buyers. The complexity of these transactions demands skilled and dedicated advisors who can identify risks and opportunities and add value throughout the lifecycle of a deal.
Political Risk Management
Companies with cross border interests in unstable or emerging markets face a volatile risk environment that requires careful planning and management. Aon works in partnership with some of the world’s leading financial institutions, global corporations, traders and exporters, to help them mitigate and manage their risk exposures utilizing a full service political risk management practice
Property Risk Control
Aon’s property risk control professionals focus on the design, implementation and communication of cost-effective asset protection programs. We will help you protect your balance sheet and secure the most appropriate risk financing and insurance strategies, concurrently supporting your risk mitigation and risk transfer goals.
Risk Engineering
Aon’s 250 engineering professionals help clients design and complete construction projects using their interpretive knowledge of international building codes and standards, regional relationships with building authorities and globally distributed in-house industry experts. We work with facility owners, developers, architects and general contractors in all industry sectors to ensure the delivery of distinctive client value and trusted risk engineering.
Terrorism Risk Management
In an increasingly complex world Terrorism risk management has never been more important for organizations to protect their interests. Global extremists aim for sensational destruction and loss of life, and give no warnings. Domestic groups in many countries are becoming more sophisticated. And you do not have to be the intended target-even an attack near your facilities could result in human casualties, property damage, business interruption, relocation costs, long-term damage to reputation and loss of public confidence.