Aon launches Regional Insurer Group to drive US regional insurers’ profitable growth, capital management, operational efficiency and talent strategies
Aon today announces the launch of its Regional Insurer Group – an Aon-wide group created to increase the value and holistic service the firm brings to its U.S. regional insurer clients...
The Group is launching in the U.S. with plans to expand globally in the future.
The Regional Insurer Group is organized around clients’ most pressing business needs and includes dedicated team members from all of Aon’s Solution Lines. The firm is aligning its teams to better serve regional insurers with fact-based actionable insights to support the full life cycle from the idea stage to implementation—bringing together a range of Aon capabilities to deliver integrated solutions to:
- Identify and successfully pursue innovative strategies for profitable growth
- Reduce volatility while allowing for efficient deployment of capital
- Promote operational efficiency without compromising client satisfaction
- Create a rewarding and dynamic work environment for high performing talent
Brad Melvin, President of Aon’s Regional Insurer Group, said: “In the United States, regional insurers write over USD115bn in direct gross written premium annually, and represent a significant subset of our industry. In launching our Regional Insurer Group, we are increasing the value Aon can bring to this segment. Like Aon itself, we recognize that our clients’ businesses are multi-faceted and have holistic needs. Through our Regional Insurer Group we are able to more closely partner with our clients, not only in risk transfer, but also in other key areas such as retirement, talent, health, and data and analytics.”
Andy Marcell, Chief Executive Officer of Aon’s Reinsurance Solutions business, said: “We are excited to build upon the strong partnerships Aon has with regional insurers by bringing together an Aon United team to better understand their broader business needs and to offer more value to our client partners. The pace of change is accelerating in all industries, especially insurance, and we see a tremendous opportunity to invest in more capabilities and talent to further align with the needs of regional insurers.”
A recent example of Aon’s talent solutions is demonstrated in the firm’s latest Global Insurance Market Opportunities article: Bridging the insurer talent gap. The article explores how to attract tech-savvy talent through assessing competitive rates of pay both within and outside their sectors – and reconsidering their value proposition as an employer. The article also considers the alternative of outsourcing talent. Read more.