Aon Company Overview

What is the Stock Ticker for Aon?

The stock ticker for Aon is AON.

Where is the Aon headquarters?

Aon's headquarters is located in London, United Kingdom.

What Does Aon Do?

Aon is a global professional services firm that provides a range of risk, retirement, and health solutions. They help clients manage their risks and improve their performance by offering consulting, insurance, and reinsurance services. Aon operates in over 120 countries and serves clients in various industries, including healthcare, technology, financial services, and more.

How Does Aon Make Money?

Aon is a global professional services firm that provides a range of risk, retirement, and health solutions to clients. The company makes money through various revenue streams, including:

1. Consulting fees: Aon provides consulting services to clients in areas such as risk management, insurance, and retirement planning. The company charges fees for these services, which can be based on hourly rates, project fees, or retainer agreements.

2. Insurance brokerage commissions: Aon acts as an intermediary between clients and insurance companies, helping clients to find and purchase insurance policies that meet their needs. The company earns commissions on the premiums paid by clients for these policies.

3. Investment management fees: Aon provides investment management services to clients, helping them to manage their assets and achieve their financial goals. The company charges fees for these services, which can be based on a percentage of assets under management or a flat fee.

4. Health and benefits administration fees: Aon provides health and benefits administration services to clients, helping them to manage their employee benefits programs. The company charges fees for these services, which can be based on a per-employee or per-benefit basis.

5. Data and analytics services: Aon provides data and analytics services to clients, helping them to make informed decisions about risk management, insurance, and other areas. The company charges fees for these services, which can be based on a subscription model or a per-use basis.

Overall, Aon generates revenue by providing a range of professional services to clients, charging fees for these services, and earning commissions on insurance policies sold to clients.

Who Founded Aon?

Aon was founded by Patrick Ryan in 1982.

What is the History of Aon?

Aon is a global professional services firm that provides a range of risk, retirement, and health solutions. The company was founded in 1982 as a result of a merger between Ryan Insurance Group and Combined Insurance Company of America.

Combined Insurance Company of America was founded in 1919 by W. Clement Stone, who believed in the power of positive thinking and motivational sales techniques. The company grew rapidly and became known for its accident and health insurance policies.

Ryan Insurance Group was founded in 1964 by Patrick Ryan, who had previously worked for Combined Insurance. Ryan Insurance Group specialized in providing insurance brokerage services to businesses.

After the merger, Aon continued to grow through a series of acquisitions, including the purchase of Alexander & Alexander in 1997 and the acquisition of Hewitt Associates in 2010. Today, Aon is one of the largest insurance brokers in the world, with operations in more than 120 countries.

What Industry is Aon In?

Aon is in the insurance and risk management industry.

What Are Aon's Competitive Advantages?

1. Global Presence: Aon has a strong global presence with operations in over 120 countries, which gives it a competitive advantage in terms of reach and access to diverse markets.

2. Diversified Portfolio: Aon offers a wide range of services, including risk management, insurance brokerage, and human resources consulting, which gives it a competitive advantage in terms of diversification and the ability to cater to different client needs.

3. Technology and Innovation: Aon has invested heavily in technology and innovation, which has enabled it to develop cutting-edge solutions and services that give it a competitive advantage in terms of efficiency, speed, and accuracy.

4. Strong Brand Reputation: Aon has a strong brand reputation built on years of experience, expertise, and trust, which gives it a competitive advantage in terms of credibility and customer loyalty.

5. Strong Relationships with Clients: Aon has built strong relationships with its clients, which gives it a competitive advantage in terms of customer retention and repeat business.

6. Experienced and Skilled Workforce: Aon has a highly skilled and experienced workforce, which gives it a competitive advantage in terms of expertise, knowledge, and the ability to deliver high-quality services.

What Are Aon's Competitive Threats?

Some competitive threats to Aon include other large insurance and risk management companies such as Marsh & McLennan, Willis Towers Watson, and Berkshire Hathaway Specialty Insurance. Additionally, the rise of insurtech companies and their innovative use of technology to disrupt the traditional insurance industry could also pose a threat to Aon's business. Finally, economic downturns and global events such as natural disasters or pandemics could impact the demand for Aon's services and affect their revenue.

Who Are Some of the Competitors of Aon?

Some of the competitors of Aon include Marsh & McLennan Companies, Willis Towers Watson, and Arthur J. Gallagher & Co.

What Are Some of Aon's Products and Services?

Some notable products and services from Aon include risk management, insurance brokerage, reinsurance brokerage, human resources consulting, retirement consulting, and health and benefits consulting. They also offer data and analytics solutions, as well as cyber risk management services.

Has Aon Acquired any Companies?

Yes, Aon has made several notable acquisitions over the years. Some of the most significant ones include the acquisition of Hewitt Associates in 2010, which helped Aon expand its human resources consulting services, and the acquisition of Stroz Friedberg in 2016, which strengthened Aon's cybersecurity and risk management capabilities. Aon also acquired insurance broker Willis Towers Watson in 2021, creating one of the largest insurance brokerage firms in the world.