Podcast 23 mins
Better Being Series: Understanding Burnout in the WorkplaceDiversity, Equity and Inclusion: Building a Better Business
A successful DEI strategy is an organization-wide effort and involves effective communication to stakeholders inside and outside an organization.
Key Takeaways
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For a DEI effort to be effective, it must become part of an organization’s broader human capital management strategy.
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As organizations work to meet their DEI goals, breaking down silos and sharing information across the organization is essential.
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As employers craft and implement DEI strategies, it’s important not to expect overnight success.
Overview
The past year has seen the focus on equality become a worldwide issue. Around the world, businesses, institutions and governments are being scrutinized on their approach to diversity, equity and inclusion (DEI).
And this level of investigation is not just coming from activists. It’s become increasingly common for employees to use DEI as criteria for selecting where they work (and how long they stay). Plus, stakeholders are increasingly demanding organizational transparency around their policies on building a diverse and inclusive culture.
As a result, employers are boosting their focus on DEI. A recent Aon survey found that three out of four organizations planning for the future of work are focusing on DEI. Getting where they want to go, however, requires a clear strategy.
A successful DEI strategy involves an organization-wide effort, with a commitment from the top. It also demands effective communication to stakeholders inside and outside the organization of any DEI goals and progress toward meeting them.
For publicly traded businesses, there’s growing pressure to demonstrate DEI progress from investors taking an environment, social and governance (ESG) focus or from regulatory disclosure requirements. But, for any business, strong DEI practices can build stronger organizations, while reducing possible litigation, brand and reputation risks. They can also make businesses more attractive to potential recruits who are scrutinizing possible employers’ DEI policies in practice.
“DEI can be an opportunity since the labor market is super competitive,” says Laura Wanlass, partner and head of Global Corporate Governance & ESG Advisory Consulting at Aon. “The more strategic you can be on your diversity, equity and inclusion initiatives, the more compelling your story is going to be in terms of mitigating people risk, and probably being a more innovative organization.”
“DEI can be an opportunity since the labor market is super competitive,” says Laura Wanlass, partner and head of Global Corporate Governance & ESG Advisory Consulting at Aon. “The more strategic you can be on your diversity, equity and inclusion initiatives, the more compelling your story is going to be in terms of mitigating people risk, and probably being a more innovative organization.”
In Depth
For a DEI effort to be effective, it must become part of an organization’s broader human capital management strategy and become integrated into all talent attraction, development, and retention activities.
The first step for any organization is evaluating where it is in terms of DEI and where it wants to go. For organizations just beginning to collect data on its workplace culture, internal and external benchmarking helps them understand where they are compared to peers and in setting targets.
Then, moving forward, management must communicate its DEI goals and the organization’s progress to employees, investors, clients, customers and all other relevant stakeholders.
“This process is forcing companies to take stock of what they’re doing, where they want to go, and how they’re communicating it,” says Wanlass.
Ultimately, a successful DEI strategy can help a company in a number of ways, including improving the ability to hire and retain talent, attract more customers, reduce legal exposures and reputation and brand risks, improve workforce engagement and enhance investor appeal.
Setting the Tone From the Top
Ultimately, an organization’s board of directors should set its DEI strategy. It is also up to the board to then take an enterprise-wide approach to implementing that strategy.
“The lightbulb moment is when organizations recognize that the value and opportunity of DEI will be replicated across business functions,” says Marc Spurling, head of Enterprise Risk & Resilience and Liability Claims Analytics at Aon.
And it’s not just a top-down strategy: an organization’s DEI approach should also be applied to the board.
“Boards need to be the visible role model and really drive this,” says Avneet Kaur, head of Wellbeing Solutions, EMEA, at Aon.
The board must be kept well-informed about the organization’s DEI progress. That way, it can act as a sort of “internal activist” to promote the efforts, Wanlass says. The board should create clarity around goals, who’s responsible for meeting them and the metrics that will be used to gauge progress.
As organizations work to meet their DEI goals, breaking down silos and sharing information across the organization is essential to effectively communicating progress to external stakeholders.
The lightbulb moment is when organizations recognize that the value and opportunity of DEI will be replicated across business functions.
Opportunities in DEI
Beyond a simple requirement to be met, effective DEI programs can be an opportunity for organizations.
“It’s easy to go down the path of, ‘How deficient are we in DEI,’” says Wanlass. “That’s normal, because you have to take stock and then step back and think, `How do I use this as a strategic lever to really be innovative as an organization? How can we use DEI to achieve that?’”
Such a focus at the C-suite and board level can better position organizations to attract top talent in a competitive labor market.
Meanwhile, disclosure requirements facing publicly traded companies in many jurisdictions have pushed them a bit further along the DEI road than other organizations. Those requirements have also given them an advantage in gathering data that is useful in measuring progress toward meeting goals and identifying areas that might require extra attention.
“There are certain sectors where traditional gender balance has been less optimal, and those types of organizations are starting to think about how they can create strategies to attract people from different diverse backgrounds into the organization or sector,” says Spurling.
A DEI Approach to Wellbeing
Applying a DEI focus to employee health and wellbeing programs can help ensure that they’re effectively supporting the varied needs of employees in a diverse workforce.
For example, women tend to approach investing and financial security issues differently than men, so financial wellbeing and education programs should be crafted to address those differences. In another example, benefits programs geared toward families with children might not adequately address the needs of employees without children caring for aging parents.
“Employers need to look at their employee base and really consider, ‘Are my benefits actually matching the needs of all my employees,’” says Kaur. “You have to listen to your employees, but you also have to listen to changes in market demand. Have an open dialogue with employees, understand their needs and think about what you might be missing. Are you trying to provide a one-size-fits-all solution to all your employees without considering their differing needs?”
There Are No Shortcuts to DEI
As employers craft and implement DEI strategies, it’s important to recognize the effort involves a journey, and not to expect overnight success.
“It’s not the sort of thing in which you make a decision today, and tomorrow you apply it, and then everything is fantastic,” says Kaur. “It’s a process, and it will take time. So, you have to plan. It’s a three- or five-year road map.”
Over time, the employer can study metrics to determine progress and how the DEI efforts are working with different groups of the employee population.
“This is key for boards in terms of starting to think about longer-term plans,” says Spurling. “They have an opportunity to recognize the value of DEI to the business, its employees and shareholders and take a long-term view in developing the DEI strategy.”
General Disclaimer
The information contained herein and the statements expressed are of a general nature and are not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information and use sources we consider reliable, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.
Terms of Use
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Article 8 mins
NIS2 Compliance Readiness for Organizations across the European Union
The expansive scope, stringent sanctions and pivotal role of management related to the new NIS2 Directive provide a strong foundation to protect against evolving cyber risks.
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Article 8 mins
London Insurance Market: Unveiling Demands for New Skills in 2024
The London insurance market seeks a generation of game-changers who can navigate uncertainties and drive innovation to ensure the industry’s future success in a digitalised world.
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Article 3 mins
Better Decisions in Trade, Technology, Weather and Workforce
From global supply chain risks to climate insecurity, organizations face challenges and complexities on a scale rarely seen before.
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Article 15 mins
How Artificial Intelligence is Transforming Human Resources and the Workforce
Artificial intelligence is having a measurable impact across all aspects of HR — from talent management to compensation, health and benefits, and retirement planning. To effectively harness the technology, HR leaders must ensure both their own teams and the wider workforce are prepared.
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Article 3 mins
Risk Capital and Human Capital Perspectives
Risk Capital CEO Andy Marcell and Human Capital CEO Lambros Lambrou discuss how innovations in Risk Capital and Human Capital can help organizations boost resilience and navigate volatility.
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Report 15 mins
Wide-Ranging Trade Issues Confront Global Businesses on Multiple Fronts
Global business leaders highlight risks linked to trade as some of their top concerns — both physical and financial. While the topic is complex and broad, there are opportunities that business leaders can pursue to stay ahead of emerging trade dynamics.
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Report 16 mins
Climate Analytics Unlock Capital to Protect People and Property
Extreme weather and a changing climate are impacting many of the risks businesses face today. To address future exposures, organizations will need advanced climate and natural catastrophe models and expertise that can assess chronic and acute risks.
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Report 14 mins
A Workforce in Transition Prepares to Meet a Host of Challenges
Engaging a changing workforce requires data and innovation. Workers increasingly expect more than just a paycheck. In response, organizations are balancing costs with the ability to provide a compelling employee experience.
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Case Study 3 mins
How Aon Helped M&G Wealth Develop New Advisor Skills
Aon partnered with UK financial advice firm M&G Wealth to help the firm better understand the make-up of a highly successful advisor of the future, including the skills needed given shifts in societal needs, technology and regulation.
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Article 8 mins
Energy Transition Investments: How Advanced Analytics Can Empower Organizations
Advanced analytics can empower organizations with deeper insights into the risks and opportunities surrounding renewables, while also supporting energy transition investment.
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Article 17 mins
Q1 2024: Global Insurance Market Overview
Positive performance in 2023 fueled insurer growth ambitions but underwriting remained disciplined in the first quarter of 2024.
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Article 12 mins
How Life Sciences Build Robust Talent Pipelines in the Age of Digitalization
While digitalization is delivering transformational change to R&D across the sector, it is also rapidly reshaping recruitment and retention strategies.
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Alert 6 mins
U.S. Federal Trade Commission Bans Employee Noncompete Agreements; Here’s What Employers Should Know
The FTC has announced a rule that bans noncompetes and clauses that have a similar effect. While the rule will face legal challenges, employers should take steps now to prepare for an environment where they cannot use noncompete agreements.
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Article 7 mins
Managing Construction Risks: 7 Risk Advisory Steps
Risk advisory services can help construction stakeholders navigate uncertainties, optimize performance and drive growth in their projects.
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Article 9 mins
Floating Offshore Wind Unlocks New Opportunities and Challenges
While there are similarities in the risk profile of floating offshore wind and bottom-fixed offshore wind, challenges like unproven technology and tow-to-port strategies for maintenance require a collaborative approach between owners/developers and their insurance partners.
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Article 4 mins
Parametrics Unlock Solutions For Future Risks
Macrotrends are transforming our world and creating emerging property-casualty exposures, which will have profound implications for the insurance industry.
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Article 7 mins
U.S. Cyber Insurance: Market Trends and Opportunities
Understanding market trends and future projections in an evolving cyber insurance market is paramount to strengthening risk mitigation and transfer strategies.
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Article 5 mins
How Climate Modeling Can Mitigate Risks and Improve Resilience in the Construction Industry
In an era of escalating climate-related challenges, the construction industry is turning to advanced climate modeling to fortify its risk management strategies.
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Article 14 mins
How Technology Will Transform Employee Benefits in the Next Five Years
Advances in technology will not only transform healthcare and treatment outcomes — benefit offerings, access to care, diagnosis, treatment and affordability challenges will also be radically changed. Here is what to expect as these efforts take shape globally.
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Article 10 mins
Key Trends in U.S. Benefits for 2024 and Beyond
As healthcare costs continue to rise, employers are struggling to balance cost control with attracting and retaining talent. The results of Aon's 2024 U.S. Health Survey point to key strategies organizations are using to help.
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Article 11 mins
Capturing Carbon on the Critical Pathway to Net Zero
As the world races to reduce climate risks and limit CO<sub>2</sub> emissions, the demand for scalable and cost-effective decarbonization technologies is increasing. Carbon capture projects form an important part of the low carbon energy transition, bringing both challenges and opportunities.
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Article 7 mins
Protecting North American Contractors from Extreme Heat Risks with Parametric
Growing extreme heat conditions have escalated risks, delays and costs for the construction industry in North America. Parametric insurance can help protect against such risks, offering contractors and building owners agility, efficiency and flexibility.
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Article 9 mins
How Insurance Can Help Hedge Potential Exposures Under the New Unified Patent Court System
The launch of the Unified Patent Court allows for a new patent filing process across Europe using a centralized system. While this brings significant financial and operational benefits, navigating these changes will demand a robust litigation risk management strategy.
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Article 8 mins
Parametric Can Help Mitigate Extreme Heat Risks for Contractors in EMEA
Construction projects in EMEA are often impacted by extreme heat, leading to project delays and increased costs. Many heat exposures are excluded by traditional markets, however, parametric is a flexible solution that can help mitigate these risks.
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Article 12 mins
Understanding and Preparing for the Rise in Pay Transparency
New regulations in the U.S. and Europe will require companies to be more transparent about their pay practices. Combined with willingness among workers to talk about salary, the era of pay transparency is here.
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Article 11 mins
Advancing Women’s Health and Equity Through Benefits and Support
As companies tailor their health and benefits to meet the needs of their employees, vital areas for support include family building and menopause.
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Article 7 mins
Unlocking Capacity and Capital in a Challenging Construction Risk Market
Complex market dynamics in the construction industry are pushing organizations to proactively explore alternative risk transfer solutions, including parametric insurance and captives.
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Article 11 mins
Securing Human Capital in Natural Resources
As new job roles and technologies emerge in the natural resources industry, employee expectations are also shifting. Leaders must rise to the challenge of securing talent to meet the world’s future energy needs.
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Article 5 mins
Navigating Cybersecurity Risk Under New U.S. Rules
Rulemaking from the Securities and Exchange Commission (SEC) highlights the importance of company transparency with investors and regulators around risk management and the impact of cyber events.
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Article 13 mins
Building Growth From Uncertainty in Financial Institutions
Five ways financial institutions can balance investment with prudence in an uncertain economic climate.
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Article 12 mins
Q4 2023: Global Insurance Market Overview
An increasingly interconnected and complex risk landscape continues to shape risk strategies and market responses.
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Article 13 mins
Top Risk Trends to Watch in 2024
To be successful, business leaders must keep pace with the key trends that will impact the risk and insurance landscape in 2024.
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Article 9 mins
How to Navigate Contractor Shortages in the Energy and Power Industries
Taking a new approach to talent management and planning for worker shortages can help businesses in the energy and power industries build greater operational resilience.
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Article 8 mins
Driving Inclusion and Diversity with Employee Benefits
As organizations build diversity, equity, inclusion and belonging in the workplace, they must also ensure benefit plans are designed and customized to meet the needs of a diverse workforce.
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Article 11 mins
How Investors are Making Better Decisions Amid a Changing Climate
For investors, climate change means navigating uncertainties and understanding a wide range of potential outcomes.
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Article 8 mins
Understanding Freeze Risk in a Changing Climate
Extreme cold and freeze were responsible for $15 billion worth of structural damage in recent years, as well as business interruption and supply chain impacts. We explore the threat chronic hazards pose and consider the influence of climate change on business.
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Article 7 mins
4 Steps to Help Take Advantage of a Buyer-Friendly Directors' & Officers' Market
The global D&O market remains soft, creating a favorable environment for buyers. With abundant capacity and increased competition, capitalizing on conditions now is critical as rates are showing signs of moderating.
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Article 17 mins
Five Big Human Resources Trends to Watch in 2024
It's never been more important for HR leaders to help shape and support the execution of business strategies. However, to be successful in today’s volatile world, HR teams must stand ready to understand and harness five fast moving trends.
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Article 9 mins
Managing Reputational Risks in Global Supply Chains
Supply chain disruptions can have serious reputational repercussions, causing plummeting shareholder value and diminished stakeholder trust. The potential fallout underscores the need for management strategies that collectively address these risks.
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Article 13 mins
Creating Operational Resilience Amid Growing Risks in the Food, Agribusiness and Beverage Industry
To feed a growing global population, FAB organizations must build operational resilience to overcome supply chain, cyber, geopolitical and climate risks.
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Article 10 mins
Seizing Opportunity in a Booming Pension Risk Transfer Market
Businesses considering pension risk transfer to mitigate volatility should prepare now to be well-positioned for market opportunities.
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Article 7 mins
How Collective Retirement Plans Help Support Financial Sustainability
Improving retirement plan governance is crucial during economic uncertainty. Collective retirement plans, like a pooled employer plan, reduce risk and streamline administrative expenses for employers while also boosting employee support.
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Article 4 mins
Addressing Risks is Critical in a Deal-Hungry M&A Market
Senior executives aren’t letting a tough market for transactions stop them from finding new approaches to closing deals.
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Article 7 mins
The Changing Priorities of Today’s Middle Market
To stay competitive, middle-market companies need to navigate the current economic volatility and invest in their technology and talent.
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Article 7 mins
On Aon Insights: Biodiversity and Institutional Investments
Host and chief marketing officer, Reinsurance Solutions, Alexandra Lewis, is joined by UK Investment Partner at Aon, Jennifer O’Neill, for insights into the critical role that biodiversity plays in planning for the future.
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Article 6 mins
A Year of Better Decisions in Risk Capital and Human Capital
Organizations faced complex challenges in risk capital and human capital throughout 2023, prompting leaders to turn to new ways of doing business.
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Article 8 mins
Improving Agricultural Practices to Address Climate Risks
Good agricultural practices reduce emissions, expand carbon sequestration and benefit the supply chain from the very first mile — all key components of achieving future climate goals.
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Article 6 mins
Protect and Grow: An Integrated Approach to Tackling Global Volatility
In today’s increasingly volatile global economy, business leaders are focusing on two key areas of decision making: risk capital and human capital.
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Article 6 mins
Fashion and Luxury Goods EMEA Insurance Market Insights Q4 2023
Our Fashion and Luxury Goods EMEA Insurance Market Insights Report discusses the macro events that impacted the insurance market in the fourth quarter of 2023 in the Fashion and Luxury Goods Industry in EMEA.
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Article 3 mins
Parametric Solutions: Rethinking Resiliency Educational Video Series
Hear from Aon and industry thought leaders to increase your working knowledge of Parametric Solutions through our four-part educational video series.
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Article 7 mins
Six Key Considerations for Supporting Employee Wellbeing
By taking a 360<sup>o </sup>view of employee wellbeing, leaders can build the resilience of their organizations while improving workplace experiences.
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Article 4 mins
Using Data to Close Workforce Gaps in Financial Institutions
Financial institutions are falling short on providing organizational structure, building future skills and creating value within their organization. Addressing these is critical to future success.
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Article 5 mins
Using Data to Close Workforce Gaps in Retail Companies
With technology advancements, new consumer expectations and unpredictable markets, retailers face hurdles in building a resilient workforce. Here are two actions to take for a stronger future.
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Article 6 mins
Using Parametric Insurance to Close the Earthquake Protection Gap
Parametric solutions have the flexibility to make hard-to-predict and often uninsurable “grey swan” events insurable. Such is the case for earthquakes — a potentially catastrophic risk across the globe.
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Article 9 mins
Insurance Plays a Key Role in Transitioning to a Low Carbon Future
The insurance industry can help the economy transition to alternative energy sources and mitigate the impacts of climate change — from facilitating capital for clean technologies to protecting people and businesses.
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Article 7 mins
Tech Innovations and the Future of Health and Benefits
Technological innovations offer business leaders many opportunities to improve the cost and efficacy of employee health and benefits plans.
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Article 7 mins
Why Now is the Right Time to Customize Cyber and E&O Contracts
The non-standardized nature of cyber and E&O policy wording creates the opportunity to mold an individually tailored and responsive risk transfer tool.
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Article 8 mins
How Companies are Mitigating Rising Medical Costs
With medical costs on the rise, companies are looking for ways to avoid passing the increased financial burden onto employees.
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Article 5 mins
How Technology Enhancements are Boosting Parametric
As data becomes more advanced and precise, so does parametric insurance as a risk solution — a win-win for both risk managers and insurers.
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Article 5 mins
Cyber Due Diligence Protects Deal Value in the Technology, Media and Communications Industry
Ensuring future operational resilience of an acquired TMC business during an M&A starts with getting cyber due diligence right.
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Article 6 mins
Intellectual Property: An Asset to Protect and Leverage in the Technology, Media & Communications Industry
Often overlooked, intellectual property is an asset in the Technology, Media & Communications industry that must have effective risk management to support an organization’s overall operational resilience strategy.
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Article 7 mins
The Trends Driving Global Pension Risk
The landscape for U.S. and UK pension plans has changed greatly. Companies are mitigating risks to meet regulatory requirements and protect their employees and finances.
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Article 7 mins
Using Data to Close Workforce Gaps in Technology Companies
Our research shows three workforce challenges specific to technology companies. We highlight ways to close these gaps — which is key to future industry success.
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Article 6 mins
Tips for 2024 Salary Increase Planning
As hiring and employee turnover slows down, employers have an opportunity to rethink their salary increase strategy for 2024.
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Article 7 mins
Building Cyber Resilience in the Fashion and Luxury Goods Industry
Web 3.0 is coming. Every luxury goods business can profit from the use of its related technologies in digital assets, such as NFTs and the metaverse, but cyber security must keep pace.
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Article 5 mins
Building the Balance Sheet in the Fashion and Luxury Goods Industry
Funding to grow and innovate in the fashion and luxury goods industry can come from both traditional and non-traditional sources — like M&A and leveraging a brand’s intellectual property.
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Article 5 mins
Building Workforce Resilience in the Fashion and Luxury Goods Industry
With more brands looking to reposition themselves in the fashion and luxury industry and secure their future, a robust workforce resilience strategy will be key.
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Article 8 mins
Navigating Mergers and Acquisitions Evolution in Life Sciences: Rethinking Risk and Insurance
Navigating complex, large mergers and acquisitions is a rare challenge for risk managers in life sciences. In these high-stakes scenarios, a reassessment of risk profiles and a strategic overhaul of risk financing becomes imperative to ensure the effectiveness of deals.
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Article 7 mins
Intellectual Property Insurance: Dispelling the Myths and Misconceptions
In a landscape where IP is increasingly becoming integral to company valuations, many business leaders, boards, patent attorneys and litigation teams are making IP insurance a key asset in their toolkits.
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Article 11 mins
Top Risks Facing Construction and Real Estate Organizations
Construction and Real Estate industry respondents to our Global Risk Management Survey (GRMS) ranked economic slowdown or slow recovery and failure to attract or retain top talent as their two most critical risks.
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Article 10 mins
Top Risks Facing Financial Institutions
Financial Institutions respondents to our Global Risk Management Survey (GRMS) ranked cyber attack or data breach and regulatory or legislative changes as their two most critical risks.
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Article 12 mins
Top Risks Facing Financial Sponsors
Financial Sponsors respondents to our Global Risk Management Survey (GRMS) ranked cash flow or liquidity risk and capital availability as their two most critical risks.
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Article 13 mins
Top Risks Facing Food, Agribusiness and Beverage Organizations
Food, agribusiness and beverage industry respondents to our Global Risk Management Survey (GRMS) ranked commodity price risk or scarcity of materials and supply chain or distribution failure as their two most critical risks.
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Article 9 mins
Top Risks Facing Healthcare Organizations
Healthcare respondents to our Global Risk Management Survey (GRMS) ranked cyber attack or data breach and workforce shortage as their two most critical risks.
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Article 8 mins
Top Risks Facing Hospitality, Travel and Leisure Organizations
Hospitality, Travel and Leisure industry respondents to our Global Risk Management Survey (GRMS) ranked cyber attack or data breach and economic slowdown or slow recovery as their two most critical risks.
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Article 10 mins
Top Risks Facing Industrials and Manufacturing Organizations
Industrials and Manufacturing respondents to our Global Risk Management Survey (GRMS) ranked commodity price risk or scarcity of materials and supply chain or distribution failure as their two most critical risks.
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Article 11 mins
Top Risks Facing Insurance Organizations
Insurance industry respondents to our Global Risk Management Survey (GRMS) ranked cyber attack or data breach and failure to attract or retain top talent as their two most critical risks.
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Article 11 mins
Top Risks Facing Life Sciences Organizations
Life Sciences industry respondents to our Global Risk Management Survey (GRMS) ranked supply chain or distribution failure and cyber attack or data breach as their two most critical risks.
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Article 11 mins
Top Risks Facing Natural Resources Organizations
Natural Resources industry respondents to our Global Risk Management Survey (GRMS) ranked business interruption and regulatory or legislative changes as their two most critical risks.
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Article 9 mins
Top Risks Facing Professional Service Firms
Professional Service respondents to our Global Risk Management Survey (GRMS) ranked cyber attack or data breach and failure to attract or retain top talent as their two most critical risks.
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Article 11 mins
Top Risks Facing Public Sector Organizations
Public Sector respondents to our Global Risk Management Survey (GRMS) ranked cyber attack or data breach and damage to brand or reputation as their two most critical risks.
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Article 13 mins
Top Risks Facing Retail and Consumer Goods Organizations
Retail and Consumer Goods respondents to our Global Risk Management Survey (GRMS) ranked cyber attack or data breach and supply chain or distribution failure as their two most critical risks.
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Article 13 mins
Top Risks Facing Sports and Entertainment Organizations
Sports and Entertainment industry respondents to our Global Risk Management Survey (GRMS) ranked damage to brand or reputation and business interruption as their two most critical risks.
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Article 12 mins
Top Risks Facing Technology, Media and Communications Organizations
Technology, Media and Communications industry respondents to our Global Risk Management Survey (GRMS) ranked cyber attack or data breach and failure to attract or retain top talent as their two most critical risks.
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Article 9 mins
Top Risks Facing Transportation and Logistics Organizations
Transportation and logistics industry respondents to our Global Risk Management Survey (GRMS) ranked cyber attack or data breach and economic slowdown or slow recovery as their two most critical risks.
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Article 6 mins
Building Supply Chain Resilience in the Fashion and Luxury Goods Industry
Data and Governance have an important role in managing reputational risk and preventing supply chain issues in the Fashion and Luxury Goods Industry.
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Article 8 mins
Balancing the ESG Challenge in the Fashion and Luxury Goods Industry
As ESG scrutiny intensifies, luxury goods brands will need to juggle competing stakeholder demands.
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Article 12 mins
Top Risks Facing Organizations in Asia Pacific
Asia Pacific respondents to our Global Risk Management Survey (GRMS) ranked cyber attack or data breach as the number one current and future risk for the region.
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Article 10 mins
Top Risks Facing Organizations in Europe
European respondents to our Global Risk Management Survey (GRMS) ranked cyber attack or data breach as the number one current and future risk for the region.
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Article 8 mins
Top Risks Facing Organizations in Latin America
Latin American respondents to our Global Risk Management Survey (GRMS) ranked business interruption as the number one current risk for the region.
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Article 12 mins
Top Risks Facing Organizations in North America
North American respondents to our Global Risk Management Survey (GRMS) ranked cyber attack or data breach as the number one current and future risk for the region.
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Article 8 mins
Top Risks Facing Organizations in the Middle East and Africa
Middle East and Africa respondents to our Global Risk Management Survey (GRMS) ranked economic slowdown or slow recovery as the number one current and future risk for the region.
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Article 9 mins
Top Risks Facing Organizations in the United Kingdom
UK respondents to our Global Risk Management Survey (GRMS) ranked cyber attack or data breach as their number one current and future risk.
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Article 5 mins
Using Data to Close Workforce Gaps in Manufacturing Companies
Our research shows three workforce challenges specific to manufacturing companies. Addressing these is critical to future success.
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Article 5 mins
Building a Climate-Resilient Business in the Fashion and Luxury Goods Industry
Understanding the physical and transition risks will be key to successfully managing climate risk and developing a climate resilient luxury goods business.
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Article 6 mins
Unlock the Potential of Alternative Investments with an Outsourced Chief Investment Officer
Avoid limiting a portfolio’s capacity based on the capabilities or bandwidth of an existing process by working with the right partner.
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Article 3 mins
Climate Deadlines are Getting Closer. Is Your Business Ready?
As COP28 approaches, leaders are exploring ways to make their businesses more sustainable and climate resilient.
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Article 7 mins
Generative AI: Emerging Risks and Insurance Market Trends
Generative Artificial Intelligence (AI) – a type of artificial intelligence that has the ability to create material such as images, music or text – is already a proven disruptor and its adoption is growing at an explosive rate.
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Article 15 mins
Q3 2023: Global Insurance Market Overview
A complex macroeconomic environment continues to shape risk strategies and market responses.
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Article 12 mins
The Conditions Driving the Rising Global Medical Trend Rate
Medical costs continue to rise around the world. Aon’s Global Medical Trend Rate report provides insight into what conditions are driving these increases.
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Article 7 mins
Now is the Time for CEOs to be Bold on Talent
Insurance CEOs are well aware of the talent crisis: they’re fully engaged and seeking answers.
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Article 6 mins
8 Steps Toward Building Better Resilience Against Rising Ransomware Attacks
With increasing ransomware attacks, building resilience is a top concern for business leaders.
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Article 3 mins
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Article 6 mins
Delivering an Integrated Business and People Strategy for the Future of Insurance
Insurance leaders can confidently future-proof their business strategy and avoid misalignment, by engaging the right groups of people to define and deliver their roadmap for success.
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Article 6 mins
Commodity Price Risk or Scarcity of Materials
Commodity Price Risk or Scarcity of Materials is the seventh biggest risk facing organizations globally today and is predicted to rise to the third most critical risk by 2026, according to our survey.
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Article 4 mins
Economic Slowdown or Slow Recovery
Economic Slowdown or Slow Recovery is the third biggest risk facing organizations globally today, and is predicted to be the second most critical risk by 2026, according to our survey.
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Article 5 mins
Failure to Attract or Retain Top Talent
Failure to Attract or Retain Top Talent is the fourth biggest risk facing organizations globally, and is predicted to remain the fourth most critical risk by 2026, according to our survey.
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Article 5 mins
Regulatory or Legislative Changes
Regulatory or Legislative Changes are the fifth biggest risk facing organizations globally today, and are predicted remain the fifth most critical risk by 2026, according to our survey.
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Article 4 mins
Supply Chain or Distribution Failure
Supply Chain or Distribution Failure is the sixth biggest risk facing organizations globally today, and is predicted to fall to the thirteenth most critical by 2026, according to our survey.
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Article 4 mins
Business Interruption
Business Interruption is the second biggest risk facing organizations today and is predicted to fall to the sixth most critical by 2026, according to our survey.
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Article 7 mins
Cyber Attack or Data Breach
Cyber Attack or Data Breach is the number one risk facing organizations globally and is predicted to remain in this position by 2026, according to our survey.
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Article 4 mins
Damage to Brand or Reputation
Damage to Brand or Reputation is the eighth biggest risk facing organizations globally today and is predicted to fall to rank twenty one by 2026, according to our survey.
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Article 5 mins
Failure to Innovate or Meet Customer Needs
Failure to Innovate or Meet Customer Needs is the ninth biggest risk facing organizations globally today and is predicted remain in that position by 2026, according to our survey.
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Article 4 mins
Increasing Competition
Increasing Competition is the tenth biggest risk facing organizations globally today, and is predicted to rise to the seventh-most critical risk by 2026, according to our survey.
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Article 11 mins
A Surge in Gene and Cell Therapies Raises Financing Questions
Gene and cell therapies represent breakthrough advances in medicine, but they also have significant costs and potential risks for patients, employers, insurers, governments and manufacturers.
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Article 9 mins
How Employers Can Use Data to Improve Their Health Plans
A global survey of medical trend expectations highlights the health conditions affecting employees and impacting costs, how employees are using their medical plans, areas where they need better coverage and where employers can build on these insights.
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Article 11 mins
Understanding Extreme Heat: An Increasing Risk for People, Businesses and Society
In the wake of record-breaking high global temperatures in 2023, the rising frequency of extreme heat due to climate change creates an urgency for the risk industry to analyze climate trends for better risk mitigation.
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Article 6 mins
Using Data to Close Workforce Gaps in Life Sciences Companies
Life sciences companies lag other industries in addressing the physical and mental health of employees and getting them future-skills ready. Here are actions to address these gaps.
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Article 12 mins
5 Ways Artificial Intelligence can Boost Claims Management
(Re)insurers must embrace AI technology to successfully navigate today’s emerging transformative trends that are shaping the insurance landscape.
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Article 6 mins
Weight Loss Drugs: A Point of View for Professional Service Firms in the U.S., UK, and Canada
A drug class known as GLP-1 receptor agonists or simply “GLP-1s” (e.g., Novo Nordisk’s Ozempic) has been used for several years to help control type 2 diabetes.
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Article 6 mins
Climate Change: Plugging the Growing Risk Gap in the Technology, Media and Communications Industry
Technology, media and communications businesses need to understand how climate change threatens their operational resilience. Parametric insurance is becoming an important part of the solution.
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Article 6 mins
Equipping Your Workforce for Greater Resilience in the Technology, Media and Communications Industry
Within the fast-moving Technology, Media and Communications sector, workforce resilience is critical to operational resilience. The journey there involves understanding the key components of workforce resilience, how they can be measured and what initiatives promote greater resilience.
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Article 6 mins
How to Build a Culture of Cyber Awareness
Everyone working for an organization is responsible for building a culture of cyber resilience.
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Article 8 mins
How to Build a Talent Strategy for the Future
Creating the right mix of talent will be key for capturing (re)insurance growth opportunities as transformative trends shape the future landscape.
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Article 11 mins
Risk Factors Driving the Global Average Medical Trend Rate
With medical costs continuing to rise globally, Aon’s 2024 Global Medical Trend Rates Report examines the risk factors driving the increased costs.
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Article 7 mins
To Disclose Pay or Not? How Companies are Approaching the Pay Transparency Movement
New pay transparency laws are forcing employers to develop a pay disclosure strategy and make decisions like whether to voluntarily disclose salaries where it’s not legally required.
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Article 9 mins
Driving Private Equity Value Creation Through Credit Solutions
The strategic use of credit solutions (credit insurance, political risk insurance and surety) can enhance liquidity, improve transaction returns, facilitate capital-efficient deal closures, and support long-term value creation.
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Article 7 mins
Supporting Caregivers in the Workplace
Employers that build flexible, inclusive cultures help caregivers in the workplace to balance their responsibilities on the job and outside work.
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Article 11 mins
SEC Issues Additional Compliance and Disclosure Interpretations on Pay Versus Performance Disclosure
The SEC published nine new Compliance and Disclosure Interpretations (C&DIs) covering the pay versus performance rule. The C&DIs focus on when awards are considered vested and the valuation of equity awards in specific circumstances.
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Article 9 mins
How the Construction Industry is Navigating Climate Change
As the need for climate-resilient infrastructure grows, the industry contends with changes in regulations, building strategies and risk.
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Article 8 mins
Integrating Workforce Data to Uncover Hidden Insights
CHROs are using workforce data and insights to craft solutions that address organizational challenges and elevate their people.
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Article 9 mins
How the Right Employee Wellbeing Strategy Impacts Microstress and Burnout at Work
Burnout and languishing threaten individual and organizational productivity and business outcomes. A company’s employee wellbeing strategy can help prevent them by mitigating microstress.
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Article 8 mins
Why Parametric Solutions Should Be Part of Your Next Renewal Conversation
With continued market volatility, finding adequate coverage for growing protection gaps via traditional insurance alone is challenging. Parametric solutions can help businesses build resiliency against catastrophe-prone exposures and more.
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Article 6 mins
Navigating Climate Risk Using Multiple Models and Data Sets
A holistic understanding of climate risks requires a multidimensional approach to data, risk models and developing staff expertise.
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Article 5 mins
U.S. SEC Committee Recommends Additional 10-K Human Capital Disclosures
The IAC recommends the SEC mandate prescriptive requirements in several key areas of human capital management disclosures to provide investors with relevant, timely and comparable data to adequately contextualize a company’s workforce value.
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Article 7 mins
Pension Reforms: The Blueprint for a Sustainable Future
New legislation is presenting employers with an opportunity to model sustainable pensions and modernize employment conditions.
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Article 8 mins
Exit Strategy Value Creation Opportunities Exist as Economic Pressures Persist
With a robust exit strategy, financial sponsors can create value from day one and enable a strong long-term outlook.
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Article 6 mins
Banks are Turning to Their Talent to Boost Their Cyber Resilience
As cyber attacks become more sophisticated, banks can shore up their cyber-security resilience efforts by building a partnership between business leaders and cyber technologists.
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Article 10 mins
Escalating Cyber Security Risks Mean Businesses Need to Build Resilience
As cyber threats continue to increase it is vital that businesses build ongoing operational cyber resilience to help assess, mitigate and transfer risk, and recover should an attack occur.
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Article 9 mins
Four Ways Retirement Plans Can Reduce the Gender Savings Gap
Addressing the retirement pay gap issue between men and women starts with first acknowledging it exists. Then companies can conduct further analysis and adjust their benefit plans accordingly.
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Article 5 mins
Future Trends for Financial Sponsors: Secondary Transactions
Secondary deal activity will likely continue to strengthen as financial sponsors navigate widespread macroeconomic uncertainty.
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Article 7 mins
Designing Pension Communications for Modern Retirement Planning
Organizations can refresh their employee pension communications with these five tips to help people connect with their retirement planning.
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Article 9 mins
Overcoming the Reputational Cost of Cyber Attacks: The 10-Day Plan
The first 10 days after a cyber-attack can be the most damaging. Having a cyber incident response plan in place and ready to deploy can help companies assess threats and develop controls.
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Article 6 mins
Pricing Technology for Insurers: Avoiding Pricing Pitfalls
Pricing pitfalls are more common than you think, whether it's working with incomplete data or key man risk – but with the right pricing process, many of these issues can be mitigated. Read our article to learn about the most common pricing errors, and what insurers can do about it.
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Article 5 mins
Pricing Technology for Insurers: The Importance of Getting Pricing Right
In today's increasingly complex insurance landscape, an inadequate pricing system can not only impact insurers' view of risk, but also prevent them from making the right decisions at the right time. Read our article on why it's essential to get pricing right.
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Article 7 mins
How Academic Research Can Help Drive Climate Risk Resilience
By leveraging the advances made by academic research, companies can develop more robust climate risk resilience.
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Article 6 mins
How Companies Are Using Climate Modeling to Improve Risk Decisions
Climate modeling has been around for decades but mainly used by academic and government scientists. Led by the risk industry, the private sector is adapting these models to broadly assess the physical impacts of climate change.
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Article 9 mins
Record Heatwaves: Protecting Employee Health and Safety
With the continued threat of rising temperatures, companies should focus on building climate and weather-related impacts into their overall workforce resilience plans.
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Article 9 mins
Addressing the Wellbeing Disconnect With a Data-Informed Strategy
Companies recognize that wellbeing is more important than ever. But the programs they offer don’t always match what their employees need.
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Article 4 mins
Retirement Planning: Transitioning to SECURE 2.0
SECURE 2.0 is changing retirement planning for businesses and employees. Strategic decisions will be critical in building sustainable retirement plans.
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Article 5 mins
Top Five Sales Effectiveness Elements to Assess Annually
Sales teams have unique compensation programs that are critical for aligning selling behavior and outcomes to business goals. Here are five considerations to prepare plans for the year ahead.
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Article 4 mins
Case Study – Optimizing Cyber Placement with Targeted Control Validation
As cyber attacks evolve, insurers are scrutinizing how organizations understand and address potential cyber security exposures. Achieving a baseline of security standards is crucial to securing coverage, demonstrating a strong resiliency program is key to achieving optimal terms and conditions.
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Article 6 mins
Driving Innovation and Strategic Financial Decisions Through ESG Regulation
Not only does ESG regulation have the potential to make or break an M&A deal, but failure to comply could also significantly damage a business.
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Article 11 mins
Designing Tomorrow: Personalizing EVP, Benefits and Total Rewards
Companies are increasingly turning to personalization to keep up with workforce changes and deliver value to their employees.
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Article 11 mins
Navigating the New EU Directive on Pay Transparency
In a move designed to close the gender pay gap, the European Commission is increasing pay transparency across member states. Prepare your firm now for potential implications and opportunities.
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Article 5 mins
Rising Losses From Severe Convection Storms Mostly Explained by Exposure Growth
Climate change or exposure growth? By understanding the drivers of increased severe convective storm loss volatility, reinsurers can better prepare for January 1 renewals.
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Article 7 mins
Using Climate Data for Better Business Decisions
Innovation in data, analytics and risk transfer solutions enables Aon to help clients accelerate their investments in decarbonization and climate resiliency and support the transition to a lower-carbon economy.
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Article 7 mins
The Future of Food: Balancing Risk and Opportunity
Alternative proteins and farming methods may be the future of food, but stakeholders must be aware of the risks that come with these opportunities.
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Article 9 mins
Outsourced Chief Investment Officer: The Key to Navigating Volatility
In a volatile climate, institutional investors are turning to outsourced chief investment officers to conquer administrative, regulatory and market challenges.
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Article 6 mins
Four Steps to Develop Strong Property Risk Coverage in a Hardening Market
With the property market remaining volatile, risk buyers need a solid strategy to stabilize their risk portfolio.
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Article 6 mins
How an Outsourced Chief Investment Officer Can Help Improve Governance and Manage Complexity
An OCIO can help asset owners make decisions with confidence and help deliver an optimal investment strategy.
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Article 6 mins
Parametric Insurance: A Complement to Traditional Property Coverage
Many risk buyers remain challenged to find adequate coverage to address a growing protection gap, especially for their cat-prone exposures and other risks. Parametric is an alternative solution that has grown in utilization to insure against a variety of perils in any market conditions.
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Article 9 mins
To Combat Cyber Risk, Businesses Invest in Resilience
Cyber security is a growing business concern, but many companies still need to improve their cyber resilience in key areas. Aon’s 2023 Cyber Resilience Report explores how global industries are protecting themselves against cyber threats.
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Article 9 mins
Cultural Alignment Planning Drives M&A Success
A strong people strategy and robust change management and communication approach will drive better cultural alignment during M&A deals — ultimately increasing the chance for success.
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Article 7 mins
Evolving IP Litigation: Three Trends to Watch in H2 2023
In a rapidly changing IP landscape, companies should consider assessing their risk exposures and management strategies to help protect some of their most valuable assets.
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Article 8 mins
For Cyber Readiness, the CISO and CRO Join Forces
As cyber attacks increase and become more costly, cyber security coordination across business units has become more important than ever. By bringing the chief information security officer (CISO) and chief risk officer (CRO) together, companies can take a proactive approach to minimizing cyber risks.
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Article 8 mins
Improving Healthcare Affordability for Your Employees
As healthcare becomes more expensive, companies are searching for ways to keep costs down for their employees. Focusing on a few core areas can help.
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Article 7 mins
Decision Fatigue: Greg Case on a Growing Business Challenge
Business leaders are facing a growing number of complex and interconnected risks, resulting in decision fatigue for many executives. Aon CEO Greg Case explains how leaders can take a proactive approach to difficult choices while investing in talent development and wellbeing.
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Article 9 mins
How AI Will Impact Human Capital in the Technology, Media and Communications Industry
Artificial intelligence is driving rapid change globally. In technology, media and telecoms, AI can be a human capital opportunity, not just a risk.
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Article 7 mins
Two Key Factors to Achieve a Winning Compensation and Benefit Strategy
Delivering compelling total rewards that meet the needs of a diverse workforce requires a strong connection to your EVP and innovative technology.
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Article 7 mins
Hybrid Work and the Future of Cities
Work-from-home and hybrid-work models can significantly influence the commercial real estate market, which in turn has a major influence on the financial health of a city.
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Article 7 mins
Mitigating Insider Threats: Managing Cyber Perils While Traveling Globally
Employees often face cyber attacks while they’re on travel for business, putting sensitive company data, trade secrets and intellectual property at risk.
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Article 8 mins
Using Parametric Insurance to Match Capital to Climate Risk
Risk managers are rethinking their risk resilience by turning to parametric insurance, an “if-then” model designed to complement and supplement a traditional indemnity program and better match capital to the broad nature of risk caused by natural disasters.
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Article 9 mins
Navigating Talent Challenges in the GCC Real Estate Industry
Exploring the human capital challenges in the Middle East arising from the current interest rate environment.
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Article 8 mins
Collective Retirement Plans Create Value in a Changing Landscape
Employer-provided retirement programs have become more complex to administer. Collective plans can help to ease the burden.
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Article 7 mins
HR Plays a Pivotal Role as People Risks Become Business Risks
To maintain a competitive edge in today’s complex global economy, people leaders must expand their data strategies and get organized to keep up-to-date and make better risk decisions.
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Article 6 mins
El Niño and the Storm Brewing in Supply Chains
The return of El Niño is creating challenges for the global supply chain, including risks for transportation and logistics. As disruptive weather and climate events persist, vulnerable industries will need to rethink their supply chain strategies to maintain resilience.
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Article 7 mins
Value-Led Approaches to Reduce Healthcare Costs in the U.S.
An alarming number of insured Americans still can’t afford healthcare treatment, but there are approaches employers can take to reduce costs and improve outcomes for employees and their families.
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Article 5 mins
4 Steps to Prepare for Increasingly Unstable 2023 Atlantic Hurricane Season
Record high Atlantic water temperatures are leading forecasters to predict an above-average hurricane season. Learn how to build business resilience to protect hurricane-prone properties.
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Article 8 mins
From Test Tubes to Terabytes: AI's Takeover of Life Sciences
AI is creating new possibilities in life sciences, especially in R&D, training and marketing. But, as the industry adapts to AI, it also faces risks and challenges.
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Article 14 mins
Cutting Supply Chains: How to Achieve More Reward with Less Risk
Unexpected global changes have shaken supply chains, exposing the fragility of a complex system. While some businesses search for stability, others are harnessing the power of improved data, analytics and AI to strengthen their resilience and opportunities for growth.
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Article 8 mins
Decarbonizing Your Business: Finding the Right Insurance and Strategy
Lowering greenhouse gas emissions is a growing priority, but successful industrial decarbonization requires a clear view of regulations and risk.
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Article 5 mins
Three Opportunities to Strengthen Your Workforce Strategy with Talent Assessment
In a tight labor market, people leaders are relying more on talent assessments for pre- and post-hire candidates. The resulting data and insights lead to more informed hiring and retention decisions.
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Article 8 mins
How Current IP Patent Litigation Trends are Changing Risk Exposures
As patent litigation continues to evolve worldwide, analyzing past trends can help support informed risk management decisions for the future.
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Article 6 mins
New Standards Issued for Global Climate Risk Disclosure
New standards from the IFRS Foundation’s International Sustainability Standards Board (ISSB) add expectations for companies to disclose more stringent climate risk and oversight information, as well as greenhouse gas emissions data.
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Article 6 mins
Artificial Intelligence and the Next Frontier for Financial Institutions
Artificial intelligence could help banks make better use of customer data and workforce capabilities, in addition to reducing financial fraud. However, financial institutions must be mindful of the risks of AI as well.
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Article 6 mins
A Framework for Navigating Volatility in a Complex Environment
As the risk landscape expands, every TMC business should consider developing a robust framework for operational resilience. A three-phase strategy provides a rational approach to building a framework to help understand and manage key risk concerns and minimize business disruptions.
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Article 6 mins
Wildfires Underscore Urgent Need for Climate Contingency Plans for Employees
Working together across an organization to build a contingency plan for dangerous climate events is crucial to ensuring everyone is protected.
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Article 7 mins
Belonging at Work: How Employers can Strengthen DE&I
Companies can enhance their DE&I efforts — and gain better returns — by creating a culture that enables their employees to feel a sense of belonging at work.
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Article 5 mins
5 Tips to Evaluate Future Skills Using Talent Assessments
In a constantly evolving business landscape, talent assessments can help organizations understand current and future skills gaps in their workforces.
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Article 9 mins
How to Balance Cost with Growth in a Shifting Talent Market
To maintain a competitive edge in today’s fast-paced and volatile world, HR leaders must harness the power of their people data.
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Article 6 mins
Litigation and Contingent Risks: Unlocking the Value in M&A
Without the proper insurance, litigation and contingent risks can lock up capital and prevent a deal from closing.
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Article 7 mins
Making Wellbeing Part of a Company’s DNA
Wellbeing strategy, once seen as a luxury, is now a vital part of a company’s overall strategy. Integrating wellbeing into other areas of a company is the next step forward.
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Article 14 mins
Building a Resilient Workforce That Steers Organizational Success | An Outlook Across Industries
Protecting and sustaining businesses in food, agribusiness and beverage, financial institutions, life sciences and renewables require a resilient workforce. Organizations must consider the skills, capabilities, agility and wellbeing of their people to achieve a productive and healthy workforce.
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Article 7 mins
Funding Net Zero Projects: New Approaches to Access Capital
Organizations are making strides toward achieving net zero greenhouse gas emissions by 2030, but securing the capital to do so is a challenge.
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Article 7 mins
New-Hire Salaries are Rising — Along with Concerns About Pay Equity
Above-average starting salaries for new employees are leading to 'pay compression.' And it could pose a threat to pay equity.
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Article 11 mins
Buyer-Friendly Cyber and E&O Market: How to Take Advantage
A buyer-friendly Cyber and E&O market is quickly emerging. Learn more about the changing global market and how to capitalize on it.
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Article 9 mins
UK Gender Pay Gap Reporting: Is It Enough?
Uncovering the impact of the UK Gender Pay Gap reporting regulations
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Article 5 mins
Managing Cyber Risk through Return on Security Investment
A ROSI framework allows businesses to link risk, security and insurance to help manage cyber exposure and increase cyber resilience.
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Article 6 mins
Protect and Grow: An Integrated Approach to Tackling Global Volatility
In today’s increasingly volatile global economy, business leaders are focusing on two key areas of decision-making: Risk Capital and Human Capital.
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Article 10 mins
How Data and Analytics Can Optimize HR Programs
Pressure to reduce costs in response to a challenging economic environment highlights the pivotal role data and analytics can play in optimizing business investment in talent and future growth.
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Article 7 mins
3 Ways to Unlock M&A Value in a Challenging Credit Environment
The current economic climate has created headwinds for mergers and acquisitions, causing shifts in financing. Using trade credit insurance can help unlock value and reduce volatility.
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Article 9 mins
Organizational Design and Talent Planning are Key to M&A Success
M&A deals are among the most challenging events a business can navigate. Effective organization design and talent planning are critical to ensure a smooth transition.
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Article 7 mins
Case Study: The LPGA Unlocks Talent Potential with Data
The LPGA shares how data technology has helped to pinpoint the personality traits of top players, leading to success on and off the golf course.
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Article 6 mins
3 Ways to Manage Business Interruption During Uncertain Times
With increasing global uncertainty, businesses should focus on emerging threats and decide how to best address them.
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Article 12 mins
How Companies Can Prepare for ESG Risks and Regulatory Changes Across the Globe
Resilience and growth are dependent on business leaders taking action to respond to ESG risk and opportunities.
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Article 6 mins
Four Ways to Increase the ROI of Your Benefits Strategy With Technology
Return on investment is one of the biggest considerations in implementing employee benefits. This is more pertinent as global economic volatility forces companies to balance costs with expectations.
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Article 7 mins
How to Future-Proof Your Workforce Skills Strategy in 5 Steps
Where, when and how work gets done is changing, causing companies to reassess existing roles and determine what skills are required for the future.
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Article 7 mins
COVID-19 has Permanently Changed the Way We Think About Wellbeing
Aon’s 2022–2023 Global Wellbeing Survey explores what employers around the world are doing to support the needs of today’s workforce.
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Article 5 mins
How Employee Benefit Captives Can Accelerate DE&I Progress
Benefit captives support health plan design flexibility and a standard of coverage for all employees.
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Article 7 mins
Mitigating Director Risk as Your Business Grows and Raises Capital
Directors face potential equity transaction liabilities throughout a company’s growth. Learn about mitigating these costly risks.
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Article 4 mins
How to Design Better Talent Assessment to Promote DE&I
Make your assessment process successful: Meet inclusion and diversity goals. Be mindful of the participant experience. Cater to individual needs.
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Article 7 mins
4 Ways to Achieve Success at Mid-Year Renewals
How can corporate buyers achieve optimal placement outcomes given the current reinsurance market dynamics?
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Article 6 mins
Project Management for HR: The Secret Behind a Successful M&A Deal
During a complex M&A deal, centralized project management helps keep human resources workstreams connected to ensure successful post-deal outcomes.
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Article 6 mins
A New Era of Health Plan Transparency: Six Things to Know
New regulations in the U.S. aim to peel back the curtain on how healthcare prices are set. This will drive employers to use data to make better decisions about the best coverage for their people.
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Article 12 mins
Rethinking Risk: Navigating Energy Volatility in Heavy Industry
The rising cost of energy is driving leaders in the heavy industries to rethink their approach to risk.
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Article 6 mins
Insurance in Secondary Transactions
Increased use of secondary transactions in the private equity market has created an opportunity for Representation and Warranties insurance.
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Article 6 mins
Training and Transforming Managers for the Future of Work
As the role of managers changes, organizations are finding new ways of effective manager training.
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Article 7 mins
Rethinking Your Total Rewards Programs During Mergers and Acquisitions
Business leaders should take a close look at their reward programs during a merger or takeover to help retain talent and ensure a cohesive pay strategy.
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Article 5 mins
4 Ways to Build Resilient and Agile Supply Chains
How can leaders build a strong and adaptable supply chain for business survival and growth during uncertain times?
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Article 7 mins
ESG Data: How Businesses Can Use Data to Gain an Edge
To make the most out of their ESG data, companies can draw on different approaches to benchmarking and increase their attention to governance.
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Article 6 mins
Facing a Worker Shortage, Healthcare Companies Focus on Digital Job Skills
As healthcare organizations digitalize their business and face global workforce shortages, our analysis finds they are rapidly recruiting new talent with specific data skillsets.
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Article 7 mins
Top 5 Cyber Threats To Mergers and Acquisitions
How can executives and deal teams execute deals with cyber due diligence and create a competitive advantage?
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Article 9 mins
How to Futureproof Data and Analytics Capabilities for Reinsurers
Now more than ever, the reinsurance industry needs insight. But it is still slow to implement advanced data and analytics.
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Article 7 mins
Cyber Attacks: How to Rapidly Detect, Respond and Contain Damage
How can firms stay on top of cyber threats in an increasingly digitalized world?
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Article 11 mins
Get Ready for the Top 5 HR Trends in 2023
HR can make an impact in a business by identifying the forces creating instability and linking HR processes.
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Article 10 mins
Mitigating Insider Threats: Your Worst Cyber Threats Could be Coming from Inside
Some of the worst cyber incidents come from the inside. Use these tips to recognize and mitigate insider threats.
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Article 13 mins
Reducing Finance Risks in a Fast-Moving Wind Energy Market
The renewable energy industry is facing unique headwinds, but there are opportunities to accelerate the role of European onshore and offshore wind power.
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Article 7 mins
Mitigating Supply Chain Risk with a Single Strategy
For many companies, recognizing and addressing supply chain risk can seem like an impossible task. But a unified approach can chart a clearer course of action.
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Article 4 mins
The Aon Pooled Employer Plan: An Inflation Fighter
While market volatility has decreased the value of 401(k)s, pooled employer plans can produce savings.
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Article 7 mins
DE&I in Benefits Plans: A Global Perspective
Employers around the world are seeking ways to prioritize DE&I in their benefits programs and workplace resources, according to Aon’s 2022 Global Diversity, Equity and Inclusion Survey.
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Article 6 mins
Use These 5 Tips to Build a Compelling ESG Story in Today’s Evolving D&O Market
ESG ratings don’t always tell the whole story, which is why companies should develop a clear and compelling ESG story for D&O underwriters.
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Article 7 mins
Life Sciences Takes a Cost-Conscious Approach to the Future
Life sciences companies are trying to find a balance between navigating economic pressures and a push to innovate for the future.
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Article 8 mins
Resisting Cyber Attacks Through Layered Security Systems
Multifactor authentication is a critical cyber defense, yet criminals are working to bypass it. Use these tips to build an effective MFA layer.
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Article 9 mins
Why HR Leaders Must Help Drive Cyber Security Agenda
Recent events have helped unite security and technology professionals in the fight to thwart cyber criminals. Here's why HR leaders also play a major role.
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Article 4 mins
3 Ways Insurance Industry Can Accelerate Net Zero by Facilitating Capital
Insurers can help advance a climate crisis solution. Here are three ways the industry can help accelerate the journey to net zero emissions.
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Article 13 mins
A Game Of Cat And Mouse: Outpacing Cyber Threats Across Industries
Industry leaders in life sciences, financial institutions, technology, media and communications and food, agribusiness and beverage face a surge in cyber threats and data breaches.
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Article 7 mins
Catastrophes and Coverage: What 2022 Can Teach Us About Climate Risk
The impact of climate change on businesses, insurers, and communities can provide insight on how to mitigate the risks associated with extreme weather events.
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Article 11 mins
Client Alert: Responding to Bank Failures
Following a tumultuous two weeks in the banking sector and subsequent volatility to global banking markets, depositors and affected third parties are having to rapidly assess, and respond to, a range of risk management, liquidity and human capital challenges.
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Article 7 mins
Climate Change Challenges the Food, Agriculture and Beverage Industry
The food, agriculture and beverage sector is examining sustainable solutions and environmentally friendly practices to ensure a resilient future.
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Article 4 mins
How Having the Right Data Helps Navigate These Top-of-Mind Employer Issues
Volatility in the global economy is putting pressure on organizations and employees at all levels.
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Article 8 mins
How SMEs Can Help Protect Against Growing IP Litigation Risk
IP litigation risk continues to evolve year-over-year, creating complex challenges for SMEs. You can help stay protected and prepared by focusing on these mitigation techniques.
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Article 2 mins
Rebuilding for Resilience: Lessons Learned from Hurricane Ian
In the wake of Hurricane Ian, Aon sent a team of experts to the affected area to understand the lessons learned from this storm.
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Article 2 mins
Strengthening the People Dimension of ESG
HR leaders are at the center of activating ESG initiatives in the workplace. This has a critical impact on protecting a firm’s greatest asset — its people.
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Article 7 mins
The Climate Crisis is Driving Supply Chains to Adapt
Businesses are recognizing the need to adapt to the impact of climate change on supply chains.
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Article 5 mins
Technology Revolutionizes Real-Time Modeling and Response
Facing natural disasters, advanced weather and catastrophe modeling can help companies prepare — often resulting in quicker claims processing and response.
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Article 5 mins
Climate Change’s Health Impacts Now a Focus of Workforce Resilience Plans
Climate change has a negative impact on employee health and wellbeing. More employers are addressing these challenges.
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Article 7 mins
An Ever-Complex Global Tax Environment Requires Strong M&A Risk Solutions
Today’s global tax environment grows ever more complex. Tax insurance is a potential solution to help provide certainty and protect value in M&A transactions.
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Article 5 mins
How Climate Science Unites with Technology to Drive a More Resilient World
Academic research collaboration with the insurance industry enhances understanding and creates actionable climate change insights.
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Article 6 mins
How the Right ESG Approach Makes an Impact On Your Talent and Your Business
ESG strategies are becoming a key part of the corporate landscape as executives and investors use new metrics to assess a company's long-term success.
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Article 6 mins
Ransomware Isn’t Just About Data
Ransomware attacks have become more frequent and costlier, presenting new challenges to business continuity and security.
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Article 6 mins
Net-Zero Goals and Climate Change Realities: Leaders Weigh In
Experts discuss the challenges and opportunities faced by organizations in their journey to net-zero in the Aon Insights Series 2022 in London.
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Article 7 mins
Mergers and Acquisitions: 5 Risks That Threaten Transactions
In the constantly evolving M&A market, companies must be prepared to navigate a range of risks that can impact the success of their deals.
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Article 6 mins
How Organizations Can Find a Path to Net Zero
The goal of achieving ‘net zero’ emissions is gaining momentum as a solution to climate change.
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Article 8 mins
Infrastructure Spending Boom Brings Opportunities and Challenges for Construction Industry
Governments around the world are seeking to address critical needs and stimulate their economies following the COVID-19 pandemic.
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Article 7 mins
Life Sciences Industry Prepares for Challenges and Opportunities in a Dynamic Landscape
The life sciences industry is facing a dynamic and volatile landscape due to the COVID-19 pandemic and other global risks.
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Article 11 mins
Preparing for a US IPO: 5 Actions to Take Now
How can private companies best prepare the ground for a successful US IPO?
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Article 12 mins
A Guide to Preparing for Greater Climate Disclosure in 2023
Climate disclosure requirements will increase globally in 2023. Use this guide in preparation to reduce risk and attract investors.
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Article 7 mins
Preparing for Recession: Steps to Protect a Business
A report by Aon has advised businesses to prepare for a recession by evaluating their workforce, markets and investments.
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Article 6 mins
How Will a Recession Impact the Great Resignation And Quiet Quitting?
A new phenomenon in which employees become disengaged — 'quiet quitting' — is drawing increasing interest.
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Article 6 mins
Cryptocurrency and the Metaverse: Building the Foundation for a Virtual Marketplace
Accompanying the considerable growth and potential, there is a long list of risks associated with the cryptocurrency and metaverse markets.
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Article 4 mins
Q&A: As Inflation Surges, New Business Strategies Emerge
Inflation caused by economic uncertainty and supply chain disruptions has impacted businesses and consumers globally.
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Article 7 mins
Tackling Climate Change by Investing in Biodiversity
By investing in biodiversity alongside other climate strategies, companies can find new opportunities and manage risk.
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Article 5 mins
The NFT Market Is Growing Rapidly — And So Are the Fraud Risks
NFTs are digital ownership records that are verified using blockchain technology and can be tied to works of art, collectibles and other intellectual property.
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Article 8 mins
Reputation Analytics as a Leading Indicator of ESG Risk
Reputation analytics are a powerful predictive tool in gauging near-term ESG risk exposures.
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Article 6 mins
Who’s Got Hold of Your Personal Information? Data Brokers Are Big Business
Data brokers are companies that collect and sell personally identifiable information to third parties. This industry has become a multibillion-dollar industry, but it also presents risks to individuals and businesses whose personal information may be used for nefarious purposes.
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Article 6 mins
The Russia-Ukraine Conflict Will Have a Major and Long-Lasting Impact on Global Food Supply
Because Russia and Ukraine are responsible for a significant share of the world's wheat, barley, corn and oil seed, the conflict will have significant consequences on global food supply and prices.
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Article 7 mins
Aon CEO Greg Case: Success in a World of New and Increasingly Volatile Risks
In this interview, Greg Case, the CEO of Aon, discusses the challenges that businesses are facing due to the pandemic, cyber risks, and the impacts of climate change.
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Article 6 mins
How Credit Insurance Can Help Businesses Make Better Strategic Decisions
Credit insurance allows businesses to protect income streams and build resilience. Read more about the different types of credit insurance models.
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Article 6 mins
As New Technologies Emerge, Can Businesses Find the Right Opportunities to Outsource Innovation?
As the global economy becomes increasingly complex, the need for an organization to innovate is brought into sharper focus.
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Article 7 mins
Retaining Talent in a Job-Hopping World
A record number of workers are quitting jobs and changing companies — or thinking about it. How can employers retain talent in today’s competitive market?
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Article 5 mins
Valuing the Virtual: Are Non-Fungible Tokens Fad or Future?
The rise of non-fungible tokens has created new markets.
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Article 8 mins
Listen: The Pandemic Widens Retirement Gap for Women
From working on the front lines and extra childcare needs to losing jobs, women are bearing the brunt of COVID-19’s impact on the workforce.
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Article 3 mins
The Details of Data: Using Technology for Better Analysis
How technology can help solve the difficulties organizations face analyzing data
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Article 7 mins
Why Workforce Wellbeing is Vital to Company Performance
Employee wellbeing has a direct impact on company performance and customer satisfaction.
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Article 6 mins
Pride at Work: Why Allyship is Critical to Culture
Allyship creates an inclusive workplace where everyone has opportunities for growth and development.
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Article 6 mins
Succession Starts at Onboarding: Lessons From Law Firms
Businesses that rely on client relationships face challenges in succession planning as key employees retire or leave the firm.
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Article 5 mins
What A Stuck Ship in the Suez Canal Teaches Us About Supply Chain Risks
The Suez Canal blockage highlighted the importance of businesses understanding their supply chains and finding weak links to reduce risks.
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Article 7 mins
Navigating the Future of Work with AI
Artificial intelligence is changing the way businesses operate. As its use becomes more widespread, leaders need to understand how this technology works and what its future role may be.
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Article 7 mins
The 10 Factors That Fuel a Resilient Workforce
Building a resilient workforce for businesses is more important than ever — particularly in the context of the COVID-19 pandemic.
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Article 5 mins
Banks in Trouble: How Businesses Can Navigate New Volatility
Companies and solvent banks are looking for ways to protect their assets amid financial volatility. Failing banks and their clients will need to act fast to meet employee needs and maintain capital.
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Article 6 mins
Considering Hedge Funds? Investment Leadership Offers Insights
For many companies, today’s economic environment and recent banking activity present new ways to think about and manage their investments. Hedge funds can help in diversifying portfolios, if used strategically.
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Article 8 mins
Coming Through the Clouds: The Airline Industry’s New Better
The aviation industry was one of the hardest hit by the COVID-19 pandemic. Now it is essential that airlines seize new opportunities.
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Article 6 mins
What You Need to Know About Pay Transparency and How it’s Changing the Workplace
The move toward greater pay transparency will have an impact on the salary considerations of employers and employees alike.
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Article 6 mins
The 6 Elements of Good Judgment For Better Decisions
This article discusses the importance of good judgment in leaders when making crucial decisions for their organizations.
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Article 4 mins
Small Farmers, Big Impact: Empowering Business and Community
In Uganda and Rwanda, hundreds of small farmers are producing coffee and tea but can’t gain access to major international markets to sell their crops.
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Article 5 mins
Resilience in Unprecedented Times: The Red Cross and Aon Partnership
Aon and Red Cross have joined forces to help communities become more resilient to natural disasters, climate change and public health crises.
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Article 8 mins
Why ESG Is Even More Important In A Crisis Like COVID-19
ESG practices are a crucial metric for investors. Studies suggest that companies with strong ESG programs are more resilient.
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Article 6 mins
The Right IP Strategy Can Maximize Value: IPO, M&A, Enterprise
The value of intangible assets, such as IP, can make up a large portion of a company's market value.
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Article 6 mins
Recruiting Artificial Intelligence to Create a More Diverse Workforce
A diverse workforce has become a factor that can give an organization the edge in today’s highly competitive business environment.
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Article 9 mins
Make Way For The Middle Market: An Economic Growth Engine
Middle-market businesses — companies with $10 million to $1 billion in annual revenue — play a vital role in driving global economic growth.