Archive for the ‘Aon’ Category

April 2014 Global Catastrophe Recap

May 9, 2014 Comments off

April 2014 Global Catastrophe Recap (PDF)
Source: Aon

+ Severe weather outbreaks cause billions of dollars of damage in the United States
+ Cyclone Ita makes landfall in Australia’s Queensland; causes nearly USD1.0 billion in agricultural damage
+ Earthquakes cause damage and casualties in Chile, Nicaragua, China and Mexico

AON 2014 Political Risk Map

April 11, 2014 Comments off

AON 2014 Political Risk Map
Source: AON

Political strains and focus on geopolitical issues have exacerbated an already weak operating environment for business and exchange transfer risks have increased following the risk of new capital controls. Russia’s economy continues to be dominated by the government, so economic policy deadlock has brought growth to a standstill and with it an increase in the risk of political violence.”

2013 Trends & Experience in Defined Contribution Plans: An Evolving Retirement Landscape (Highlights)

November 13, 2013 Comments off

2013 Trends & Experience in Defined Contribution Plans: An Evolving Retirement Landscape (PDF)
Source: Aon
From press release:

The continued shift from defined benefit (DB) plans to defined contribution (DC) plans has placed a greater emphasis on employees to take responsibility for their own retirement readiness. A new survey by Aon Hewitt, the global talent, retirement and health solutions business of Aon plc (NYSE: AON), reveals that employers are increasingly taking bolder actions to help ensure participants achieve greater financial security. Recognizing the vast majority of employees are not prepared to maximize their 401(k) savings potential, employers are making significant changes in plan structure and investments while also increasing the amount of guidance provided to participants.

The Kids Are All Right: Millennials More Engaged at Work, says Aon Hewitt’s 15th Annual 50 Best Employers in Canada Study

November 11, 2013 Comments off

The Kids Are All Right: Millennials More Engaged at Work, says Aon Hewitt’s 15th Annual 50 Best Employers in Canada Study
Source: AON

Aon Hewitt, the global human resource solutions business of Aon plc (NYSE:AON), today released its annual list of Best Employers in Canada. The 50 Best Employers are selected from participants in the Best Employers in Canada Study. This 15th edition, based on data from nearly 280,000 employee and leader surveys from 282 participating private- and public-sector organizations, identifies 15 companies that have made the mark as Best Employers for 10 or more years. And it reveals that so-called Millennials – the generation entering the workplace after 2000 who have often been characterized as self-interested, difficult employees – are becoming more engaged the longer they are in the workforce.

The primary requirement for being recognized as a Best Employer is creating and sustaining a highly engaged workforce, measured by asking employees at participating organizations directly through a survey. According to Aon Hewitt’s definition, employees are engaged when they “say, stay and strive”: they speak positively about their employer to others, are committed to staying with their current employer, and are motivated by their organizations’ leaders, managers, culture and values to go “above and beyond” to contribute to business success. The survey also measures how well organizations perform in six key areas: Leadership Excellence, Manager Effectiveness, Enabling Productivity (how well organizations equip employees to do their jobs), Growth & Development, Valuing & Appreciating Employees, and Overall Employee Experience. This year, average employee engagement was 78 percent at Best Employers, roughly on par with last year’s 79 percent. (The average for other participants was 58 percent.)

Homeowners ROE Outlook — 2013 Update

October 23, 2013 Comments off

Homeowners ROE Outlook — 2013 Update (PDF)
Source: Aon Benfield

Aon Benfield Analytics’ annual review of homeowners rate changes and industry reported financial results finds that the country’s largest homeowners insurers are showing positive rate momentum, coupled with advancements in ratemaking methodology associated with capturing the cost of catastrophe risk. Recovering the cost of capital required to support retained catastrophe risk has seen widespread acceptance by state regulators and by-peril rating is becoming more widespread.

Our prospective after-tax ROE estimate for the homeowners line of insurance is now 4.6 percent. This prospective ROE is based on estimated capital requirements sufficient for a countrywide, diversified personal lines insurer with an A.M. Best “A” rating, net of expected reinsurance benefit estimated by Aon Benfield. While the countrywide outlook is essentially flat relative to last year’s 4.7 percent estimate, at the state level, positive rate momentum is improving the outlook for many states. Excluding Florida, the industry’s prospective ROE is 8 percent, with 36 states having prospective ROE outlooks better than this average, and 28 states with prospective ROE outlooks 12 percent or greater. Although rate adequacy still remains elusive in the gulf and south-eastern states, positive rate and underwriting actions have put the outlook of rate adequacy within reach for states outside these regions.

Furthermore, in an industry desperate for growth as auto premium volumes have stagnated, homeowners continues to be a growth opportunity for personal lines carriers. Homeowners cumulative growth over the last three years has been 15 percent, compared to 6.5 percent for auto, a differential that grows even more when extended to five or ten year timeframes.

The Time is Now: Rethinking Health Care Coverage

November 2, 2012 Comments off

The Time is Now: Rethinking Health Care Coverage

Source: Aon

Nearly all employers (94%) are committed to offering and financially supporting health benefit coverage for their workforce in the foreseeable future.

The commitment is there but what about the solution? The average cost of health coverage per employee crossed the $10,000 mark for the first time in 2012*. The cost of health care is projected to increase at an average rate of 7% to 10% in 2012. Meanwhile, salaries are expected to increase about 3% on average. This tenuous dynamic, coupled with the fact that many employees are becoming more educated and better stewards of their own health care choices, makes now the ideal time to explore other health care coverage options, including Exchanges.

To better understand employer views on Health Care Exchanges, Aon Hewitt surveyed 562 organizations nationwide.

Categories: Aon, health insurance, labor

AON 2012 Political Risk Map

February 22, 2012 Comments off
Source:  AON
The map measures the political risk of 167 counties and  territories. Significant risks are shown for exchange transfer; sovereign non-payment; political interference; supply chain disruption; legal and regulatory risk; and personal violence.

Free registration required to download map.


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