Aon (company)

New Analysis from Global Industry Analysts Reveals Modest to Flat Growth for Logistics Insurance, with the Market to Reach $68.2 Billion Worldwide by 2026

Wednesday, October 20, 2021 - 3:05pm

SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Logistics Insurance - Global Market Trajectory & Analytics" .

Key Points: 
  • SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Logistics Insurance - Global Market Trajectory & Analytics" .
  • Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more.
  • The U.S. Market is Estimated at $17.7 Billion in 2021, While China is Forecast to Reach $12.4 Billion by 2026
    The Logistics Insurance market in the U.S. is estimated at US$17.7 Billion in the year 2021.
  • Global Industry Analysts, Inc., ( www.strategyr.com ) is a renowned market research publisher the world`s only influencer driven market research company.

Aon Selects Kovrr to Enhance Cyber Risk Quantification and Aggregation Management for its Clients

Monday, October 18, 2021 - 2:00pm

Kovrr , a provider of cyber risk modeling and quantification for global enterprises and (re)insurers, today announced it is collaborating with Aon plc (NYSE: AON), a leading global professional services firm, to provide cyber risk modeling (re)insurance solutions that support growing demand from Aon clients for data-driven insights on cyber exposures.

Key Points: 
  • Kovrr , a provider of cyber risk modeling and quantification for global enterprises and (re)insurers, today announced it is collaborating with Aon plc (NYSE: AON), a leading global professional services firm, to provide cyber risk modeling (re)insurance solutions that support growing demand from Aon clients for data-driven insights on cyber exposures.
  • The tools also help to improve cyber risk quantification within Aons capital models, offering direct integration to the firms ReMetrica capital modeling software.
  • Our unique approach to cyber risk modeling provides Aon with nuanced and sophisticated insights that will enhance their services to their clients and help them navigate this challenging cyber landscape.
  • Kovrr's cyber risk modeling platform delivers global enterprises and (re)insurers transparent data-driven insights into their cyber risk exposures.

Aon: U.S. Employer Medical Costs Projected to Increase 5 Percent Next Year

Thursday, October 14, 2021 - 2:00pm

Medical trends are likely to increase at a moderate rate, though COVID-19's impact adds some uncertainty for plan sponsors.

Key Points: 
  • Medical trends are likely to increase at a moderate rate, though COVID-19's impact adds some uncertainty for plan sponsors.
  • "Employers will look to manage plan costs with both traditional and emerging cost containment strategies," said Will Sneden, U.S. practice leader for Health Solutions.
  • It also is providing greater access to new providers and medical tests, helping to build a more resilient workforce."
  • The success of employer benefit cost management goes beyond competitive design, strong medical networks and negotiated pharmacy contracts.

Cybereason and Aon Join Forces to Identify Cyber Threats and Mitigate Risk Before They Become Consequential Breaches

Wednesday, October 13, 2021 - 10:00am

The Cybereason Defence Platform, together with Aon's Cyber Solutions, will enable clients to better prevent, detect and respond to cyber threats utilising a combination of services and solutions.

Key Points: 
  • The Cybereason Defence Platform, together with Aon's Cyber Solutions, will enable clients to better prevent, detect and respond to cyber threats utilising a combination of services and solutions.
  • The recent COVID-19 pandemic has reshaped the nature of business and launched many organisations into an accelerated digital evolution, consequently extending their attack surface and intensifying cyber risk.
  • "Clients are making critical business decisions daily and rely on Aon's Cyber Solutions for insights that align security, risk and insurance.
  • Aon's Cyber Solutions offers holistic cyber security, risk and insurance management, investigative skills, and proprietary technologies to help clients uncover and quantify cyber risks, protect critical assets, and recover from cyber incidents.

CyberCube: Hidden Cyber Risk in US Property Market Could Lead to $12.5bn Losses, Says Report

Tuesday, October 12, 2021 - 11:15am

According to a new study conducted by CyberCube, AM Best and Aon, sufficient cyber risk is accumulating in the US property market to trigger a one-in-100-year loss of $12.5bn.

Key Points: 
  • According to a new study conducted by CyberCube, AM Best and Aon, sufficient cyber risk is accumulating in the US property market to trigger a one-in-100-year loss of $12.5bn.
  • The report concludes that, while current levels of cyber exposure within US commercial property are manageable by the property industry as a whole, the exposure could have ratings impacts for a section of the property market.
  • The report warns that cyber exposures in the US property market may be unaccounted for in carriers enterprise risk management strategies.
  • This report aims to quantify the cyber exposures accumulating in the US property market and calls for further clarification of cyber cover in commercial property policies, explicit underwriting and adequate pricing of the risks associated with cyber events in property policies.

GA of CloudNatix Platform Brings Industry First 'Planet-Scale Cluster Manager' to Market, Solving Problem of Operating Diverse Fleets of Cloud and Kubernetes Deployments

Monday, October 11, 2021 - 4:05pm

The CloudNatix Platform builds upon the de-facto cluster management gold standard, Kubernetes, extending Kubernetes to manage VMs and containers across multiple clusters as a single, self-optimizing global cluster.

Key Points: 
  • The CloudNatix Platform builds upon the de-facto cluster management gold standard, Kubernetes, extending Kubernetes to manage VMs and containers across multiple clusters as a single, self-optimizing global cluster.
  • The CloudNatix Platform provides line-of-business leadership, DevOps engineers and developers with an interface to observe, understand, operate and automate VM and cloud-native workloads.
  • Cluster management Federated Global Cluster Manager is a cloud managed, global cluster management system based on Kubernetes.
  • "CloudNatix platform is the next evolution of cluster management that aims to democratize Google-like efficiency and bring it to enterprises."

Aon Announces Third Quarter 2021 Earnings Release and Conference Call

Friday, October 8, 2021 - 9:30pm

DUBLIN, Oct. 8, 2021 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, plans to announce third quarter 2021 results on Friday, October 29th, 2021 in a news release to be issued at 5:00 am Central Time.

Key Points: 
  • DUBLIN, Oct. 8, 2021 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, plans to announce third quarter 2021 results on Friday, October 29th, 2021 in a news release to be issued at 5:00 am Central Time.
  • Greg Case, CEO, will host a conference call at 7:30 am Central Time on Friday, October 29th, 2021.
  • The earnings release and supplemental slide presentation will be available on Aon's web site at www.aon.com .
  • Aon plc (NYSE: AON) exists to shape decisions for the better to protect and enrich the lives of people around the world.

BrainScope and Aon Secure IP-based Deal Funding Full Expansion of Commercial Activities and Pursuit of New Indications for BrainScope's Next-Gen Medical Device Platform

Wednesday, October 6, 2021 - 1:45pm

The funding arrangement provides BrainScope with up to $35 million in capital to fund the full expansion of its commercial activities as well as to develop new clinical applications on its platform.

Key Points: 
  • The funding arrangement provides BrainScope with up to $35 million in capital to fund the full expansion of its commercial activities as well as to develop new clinical applications on its platform.
  • "More than four million patients seek care each year at hospital emergency departments for mild traumatic brain injuries.
  • BrainScope is a medical neurotechnology company that is improving brain health by providing objective, diagnostic insights that enable better patient care.
  • Aon plc (NYSE: AON) exists to shape decisions for the better to protect and enrich the lives of people around the world.

Locomation and Aon to Develop Risk Management Plan for Autonomous Trucking Operations

Friday, October 1, 2021 - 12:05pm

PITTSBURGH, Oct. 1, 2021 /PRNewswire-PRWeb/ -- Locomation, a leading provider of autonomous truck technology solutions, and Aon plc today announced a collaboration to develop a risk management plan as Locomation develops its autonomous freight transport technology and backend platform for commercial deployment to trucking companies and shippers.

Key Points: 
  • PITTSBURGH, Oct. 1, 2021 /PRNewswire-PRWeb/ -- Locomation, a leading provider of autonomous truck technology solutions, and Aon plc today announced a collaboration to develop a risk management plan as Locomation develops its autonomous freight transport technology and backend platform for commercial deployment to trucking companies and shippers.
  • Aon, a leading global professional services firm providing a broad range of risk, retirement, and health solutions, will work with Locomation and insurance carriers to assess the autonomous technology risks and align them with insurance industry best practices.
  • "We are confident that Aon's experience will enhance Locomation's corporate development and strategic plan and will also highlight the benefits of our approach to the insurance community, trucking companies, shippers, and truck drivers themselves," said Dr. etin Merili, CEO and co-founder of Locomation.
  • With demand for freight trucking service increasing and drivers in short supply, autonomous driving is poised to redefine the supply chain in the years ahead and will revolutionize the trucking industry.

New Aon Research Shows Importance of Better Decision Making in C-Suite in Wake of COVID-19 Pandemic

Wednesday, September 29, 2021 - 1:30pm

CHICAGO, Sept. 29, 2021 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, today announced the results of its recent survey, "A New Approach to Volatility: The Importance of Making Better Decisions." More than 18 months since the global outbreak of the COVID-19 pandemic, Aon surveyed 800 C-suite leaders and senior executives in the U.S., the EU, the UK and Canada to reveal how organizations are preparing for and responding to interconnected risks. The survey follows Aon's research conducted in 2020, and reveals that a year later, business leaders have a renewed confidence in the economy and a greater appetite to embrace calculated risks.

Key Points: 
  • "As leaders look at the future of their businesses in an increasingly volatile world, the pandemic has reshaped their views of risk and sharpened the importance of making better decisions.
  • Among the 38 percent of leaders who indicated they were "very prepared" to deal with the pandemic, 55 percent estimate double-digit revenue growth.
  • "Our research shows that executives are confident in the future and have prioritized the need to be better prepared for risk in the wake of the pandemic," said Lori Goltermann, Chief Executive Officer of Enterprise Clients at Aon.
  • Aon plc (NYSE: AON) exists to shape decisions for the better to protect and enrich the lives of people around the world.