Archive for the ‘Aon’ Category

2015 Global Cyber Impact Report

May 15, 2015 Comments off

2015 Global Cyber Impact Report
Source: Aon and Ponemon Institute

Ponemon Institute global study, sponsored by Aon, identifies the relative financial statement impact of cyber incidents compared to tangible asset vulnerabilities.

Key findings:

  • Information technology assets are 39 percent more exposed than property assets on a relative value to insurance protection basis
  • Proliferation of mobile devices and Internet of Things to send cyberrisk skyrocketing over next five years
  • The report’s findings act as a roadmap for risk managers and finance, helping them take a broader look at their organization’s overall risk profile

free registration required2

Liability risk management in the global rail industry

February 7, 2015 Comments off

Liability risk management in the global rail industry
Source: Aon

2013 was characterised by several major railway accidents causing injury and loss of life; resulting in severe financial exposures and even bankruptcy for the organisations found liable.

Now, an analysis of Europe-wide accident data by Aon Global Risk Consulting has found that those companies implementing active risk management programmes focusing on incident causes (precursors) can have a positive impact on their ability to reduce losses in the long term.

Key findings from the report entitled Rail Risk – Stay on Track: Liability risk management in the global rail industry, include:

  • Measuring accident precursors is #1 risk management method
  • Up to 42% of accidents are directly related to precursors
  • Railway operators often have not identified the potential impact of large (liability) exposures resulting from accidents

With rail networks supporting ever increasing amounts of passenger and freight traffic, the stresses on equipment, infrastructure and personnel are rising exponentially. This report details some of the major problems affecting the industry and suggests practical solutions to move forward. The potential for catastrophic loss is clear however the financial impact is not.

Free registration required

2014 Consumer Health Mindset

February 5, 2015 Comments off

2014 Consumer Health Mindset
Source: Aon
From press release:

A new analysis from Aon Hewitt, the global talent, retirement and health solutions business of Aon plc (NYSE:AON) finds that Millennials put a lower priority on medical care than other generations. However, they are the most likely to want employers to play an active role in supporting their overall health and wellbeing.

The analysis is based on data from the 2014 Consumer Health Mindset report, a joint survey of more than 2,700 U.S. employees and their dependents conducted by Aon Hewitt, the National Business Group on Health and The Futures Company. Aon Hewitt analyzed the perspectives, behaviors and attitudes of employees from different generations towards health and wellness.

According to the analysis, Millennials are the least likely to participate in activities focused on prevention and maintaining or improving physical health compared to other generations. About half (54 percent) have had a physical in the last 12 months, compared to 60 percent of Generation X and 73 percent of Baby Boomers. In addition, just 39 percent say preventive care is one of the most important things to do to stay healthy, compared to 49 percent of Generation X and 69 percent of Baby Boomers.

Millennials are also less likely to participate in a healthy eating/weight management programs (21 percent), compared to Generation X (23 percent) and Baby Boomers (28 percent). Interestingly, they are the most likely generation to engaging in regular exercise (63 percent), compared to 52 percent of Generation X and 49 percent of Baby Boomers.

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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.)