Aon Plc Stock Price, News & Analysis

Aon plc (NYSE: AON) will announce its fourth quarter and full year 2021 results on February 4, 2022, at 5:00 am Central Time. CEO Greg Case will host a live conference call at 7:30 am Central Time the same day. The earnings release and a supplemental slide presentation will be accessible on Aon's website. This event will provide key insights into Aon's financial performance, allowing investors to gauge the company's health and future prospects.

Aon plc (NYSE:AON) and Guidewire (NYSE:GWRE) have partnered to implement Guidewire's Cyence Risk Analytics products for enhanced cyber insurance underwriting. This partnership arises from increased concerns over cyber threats, particularly ransomware. By utilizing Guidewire's extensive data capabilities, Aon aims to better model client portfolios and develop tailored solutions for cyber risk, addressing issues like business interruptions and regulatory changes. This move signals Aon's commitment to innovation in risk management and enhancing client service in the evolving insurance landscape.

Aon plc and CarrierHQ have launched the Last Mile Delivery insurance program, aimed at providing flexible, affordable insurance solutions for last-mile delivery operators. This innovative program eliminates frequent policy renewals and only charges premiums when vehicles are in use. It builds on the award-winning Small Fleet Advantage program, enabling online quoting and adjustments based on driving data. Aon and CarrierHQ emphasize enhancing customer experience through a streamlined application process and dedicated support, addressing the needs of a rapidly growing market.

Aon plc (NYSE: AON) has appointed Jillian Slyfield as the new Chief Innovation Officer, effective December 1, 2021. Slyfield, who previously led Aon's Digital Economy Practice, will report to CEO Greg Case and join the Executive Committee to enhance Aon's Innovation at Scale strategy. Her role focuses on addressing clients' unmet needs amid increasing volatility. This transition follows the retirement of Tony Goland, Aon's first Chief Innovation Officer, after a distinguished career.

Crawford & Company and Aon have released a guide focused on effectively managing cyber claims amid increasing ransomware attacks. The guide emphasizes the importance of preparedness and response strategies to mitigate risks and handle insurance claims efficiently. It explores the growing complexities associated with cyber incidents, highlighting the need for businesses to engage with loss adjusters and insurers early in the claims process. The collaboration aims to help organizations protect their finances and reputation during cyber crises.

Aon plc announces Hannah Green as the winner of the 2021 Aon Risk Reward Challenge, earning a $1 million prize. The competition recognizes players on the LPGA Tour for their strategic decision-making on challenging holes. Green achieved a season-long scoring average that included birdying 72% and eagleing nearly 10% of the designated holes. This initiative emphasizes equality in golf, being celebrated alongside the PGA Tour. Aon aims to promote innovative solutions for clients through this challenge, which has become a significant part of LPGA’s history.

Aon reported a 13% increase in total revenue for Q3 2021, reaching $2.7 billion, driven by 12% organic revenue growth. Adjusted EPS rose 14% to $1.74, influenced by favorable foreign currency translation. However, net income saw a loss of $900 million, with a significant decline in operating margin to (29.6)%. Cash flows from operations decreased by 38% to $1.25 billion, impacted largely by a $1 billion termination fee related to the combination with Willis Towers Watson. The company repurchased 4.4 million shares for $1.3 billion and announced the Aon United Growth Ownership Plan.

Aon plc (NYSE: AON) has released its 2021 Global Risk Management Survey, highlighting cyber risk as the primary global risk for organizations, influenced by the COVID-19 pandemic's impact on business operations. The survey, conducted with over 2,300 professionals from 60 countries, reveals a shift towards impact-based risk assessments. Key risks include business interruption, economic slowdown, and commodity price risk. The findings emphasize the need for companies to adapt their risk management strategies to address interconnected long-tail risks in a volatile environment.

Aon plc (NYSE: AON) has partnered with Kovrr to enhance cyber risk quantification and analysis of reinsurance treaties. This collaboration integrates Kovrr's impact-based modeling framework into Aon's ReMetrica capital modeling software, addressing the rising demand for data-driven insights on cyber exposures. According to Aon, the cyber insurance sector is currently facing significant challenges, including high rate increases and ransomware claims. The partnership aims to provide clients with improved tools for understanding cyber risks and optimizing insurance portfolios.