Podcast 23 mins
Better Being Series: Understanding Burnout in the WorkplaceTo 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.
Key Takeaways
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Though businesses are spending more on cyber security, many of them still lack the critical IT controls needed to keep systems and data safe.
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The finance and insurance, healthcare and manufacturing industries all made progress in building cyber resilience, but gaps in backup security and other risks remain.
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In addition to applying industry-specific solutions, companies can focus on holistic solutions to reduce cyber-related operational, systemic and reputation risks.
Overview
While companies are increasingly investing in the security of their technology, systems and data, cyber risks continue to proliferate. Cyber-security vulnerabilities can threaten business continuity and cost organizations millions of dollars per incident: the global average cost of a data breach was $4.35 million in 2022. In addition to external dangers such as ransomware and phishing attacks, insider cyber threats are raising the threat level for businesses across sectors. Research shows that while leaders understand the importance of cyber security, many CEOs struggle to make decisions in this area.
What can leaders do to not only build their organizations’ cyber security but also strengthen their cyber resilience? Aon’s 2023 Cyber Resilience Report collected data from more than 2,000 clients to explore how businesses around the world are managing a rise in cyber risks, where organizations are making gains and which actions could help them prepare to face future cyber security challenges.
In Depth
Aon’s Cyber Resilience Report found that businesses overall have increased their cyber-security budgets from 2020 levels, with improvements in data security, application security, remote work, access control and endpoint and systems security. The insurance market could be a driver in the move toward greater cyber health, because cautions from insurers have motivated businesses to implement more stringent cyber security controls. Though certain threats — such as vulnerability to inside attacks, reputation risk relating to a cyber incident and insufficient backup security for critical company data — persist, some industries appear to be making notable progress in improving their stance on cyber.
Finance and Insurance: Improvements and Imperatives in Cyber Security
The finance and insurance sector show gains in cyber readiness in 2022, with small and midsize companies moving beyond a basic level of cyber maturity. Clients in this industry also indicated that they have increased their cyber security spend from 2021 levels, with 8 percent of their IT budgets devoted to this area last year. The use of multifactor authentication (MFA), a valuable security protection for financial data, also appears to have increased in 2022; in the U.S., deployment of MFA controls rose to 80 percent from 65 percent in 2021.
However, the finance and insurance sectors still face challenges in cyber resilience. With more customers turning to mobile banking and new forms of digital payment, the growing fintech sector is vulnerable to data breaches, malware and ransomware. And ransomware isn’t only a threat to fintech providers: the finance and insurance industry as a whole reported a 38 percent increase in ransomware claims from fourth quarter 2022 to first quarter 2023.
Preparing for ransomware attacks is just one of the actions the finance and insurance sector can take to build cyber resilience. Optimizing cyber insurance, mapping and managing third-party risks, and running a patch management program are also important steps in the journey to stronger cyber security. Finance and insurance businesses in Europe will also need to prioritize meeting the standards of the Digital Operation Resilience Act (DORA) in the next two years.
Cyber Successes and Vulnerabilities in Healthcare
The healthcare industry faces unique cyber-security challenges, complicating the industry’s path to cyber maturity. The need to protect sensitive patient data, an industry-wide IT talent gap, potential liabilities related to regulatory compliance and a move to new technology rooted in the Internet of Things (IoT) are all critical considerations for healthcare companies. In this industry, cyber attacks are not only disruptive and costly — they can also lead to harmful or life-threatening outcomes for patients.
Like the finance and insurance sector, the healthcare industry devoted 8 percent of IT budgets to security in 2022. But the threat of ransomware looms large in healthcare as well: Aon’s Cyber Resilience Report found that while U.S. healthcare companies made notable improvements in protective strategies such as multifactor authentication, U.K. and EMEA healthcare companies lacked 41 percent of critical MFA controls.
To mitigate the risk of ransomware and other cyber threats, the healthcare industry can develop a better understanding of its cyber-security exposures. Building cyber resilience through collaboration with internal enterprise operations emergency centers can also strengthen cyber maturity across a healthcare organization. Improving the relationship between business continuity planning and incident response preparedness can contribute to greater alignment in cyber strategy as well. In Europe, the healthcare industry will also need to follow the new Network and Information Security (NIS2) Directive or face potential fines for noncompliance.
Cyber Resilience in Manufacturing
Manufacturing relies on networks of partners of varying sizes and capabilities, and the interconnectedness of the industry expands the footprint for cyber risk. A severe cyber incident has the potential to disrupt the supply chain, and the many smaller companies in the manufacturing ecosystem may have fewer resources to combat a cyber attack. Vulnerabilities in industrial IoT and the lingering effects of COVID-19-era pressures add to the challenges in building cyber resilience in manufacturing.
The industry is making strides in cyber maturity, however. Outpacing finance and insurance and healthcare, manufacturing companies allocated 8.5 percent of their IT budgets to cyber security in 2022. Though manufacturing still has room to grow in terms of cyber health, U.S. and U.K. manufacturers surpass other sectors in operational technology.
As in other industries, cyber resilience in manufacturing begins with understanding and managing risk. Focusing on response and recovery strategies and segmenting systems — including a separation of IT and operational technology to minimize in-network threats — could help to build a stronger cyber risk profile. Manufacturers in Europe must also turn their attention to regulatory compliance, upholding the standards outlined by the European Union Agency for Cybersecurity; U.S. manufacturers will need to comply with guidelines set by the National Institute of Standards and Technology.
A Path to Better Decisions in Cyber Resilience
To build cyber resilience, business leaders can consider a holistic approach. IT, finance, HR, risk and other departments are all susceptible to cyber attacks, and all departments can benefit from improvements in cyber strategy. The Aon Cyber Resilience Report identifies steps businesses in any industry can take as they progress toward greater cyber maturity:
- Backing up information can help reduce operational risk, and a combination of cloud storage and instituting critical IT controls could mitigate the impact of a ransomware attack.
- Risk modeling, data intelligence and security controls can all help to manage systemic risks that may come from dependence on a limited number of tech services or jeopardizing their cyber security with shared usage of key technologies.
- Increasing investment in multifactor authentication can add an important layer of security in manufacturing and other industries, especially across the supply chain.
- Strengthening data security and building cyber awareness could help to combat the risks of phishing attacks and attempts to buy and access data.
- Developing security operations centers could help businesses close a critical gap in cybersecurity — 40 percent of companies surveyed lacked controls in this area.
- Investing in cyber insurance may be able to help minimize financial loss should a cyber incident occur. Insurance can also control the fallout from accompanying reputation risks and better maintain the cyber resilience that is increasingly crucial in an interconnected, digitized world.
Cyber Disclaimer
Insurance products and services are offered by Aon Risk Insurance Services West, Inc., Aon Risk Services Central, Inc., Aon Risk Services Northeast, Inc., Aon Risk Services Southwest, Inc., and Aon Risk Services, Inc. of Florida, and their licensed affiliates. The information contained herein and the statements expressed are of a general nature, not intended to address the circumstances of any particular individual or entity and provided for informational purposes only. The information does not replace the advice of legal counsel or a cyber insurance professional and should not be relied upon for any such purpose. 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.
General Disclaimer
This document is not intended to address any specific situation or to provide legal, regulatory, financial, or other advice. While care has been taken in the production of this document, Aon does not warrant, represent or guarantee the accuracy, adequacy, completeness or fitness for any purpose of the document or any part of it and can accept no liability for any loss incurred in any way by any person who may rely on it. Any recipient shall be responsible for the use to which it puts this document. This document has been compiled using information available to us up to its date of publication and is subject to any qualifications made in the document.
Terms of Use
The contents herein may not be reproduced, reused, reprinted or redistributed without the expressed written consent of Aon, unless otherwise authorized by Aon. To use information contained herein, please write to our team.
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Today's employers need to continually learn and adapt to emerging technologies and skills if they are to thrive in the talent landscape.
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Article 3 mins
The Year of the Vote: How Geopolitical Volatility Will Impact Businesses
Companies that operate around the world need to have a global appreciation of the heightening geopolitical risk.
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Article 6 mins
Three Ways Collective Retirement Plans Support HR Priorities
Collective retirement plans are growing in popularity and improving employees’ financial wellbeing in the process. Other advantages that haven’t been as widely explored include how these retirement structures allow HR to shift its focus to strategy.
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Article 8 mins
How North American Construction Contractors Can Mitigate Emerging Risks
Getting ahead of risk is vital for North American construction contractors, as they aim to manage evolving issues, while delivering job safety, solving workforce shortages and containing project costs.
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Alert 6 mins
U.S. Department of Labor Restores and Extends Overtime Protections
The Department of Labor released a final rule increasing overtime protections for the standard salary level threshold for the “white collar" exemptions and the threshold for employees classified as Highly Compensated Employees. Employers need to prepare for these significant changes.
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Article 10 mins
How Insurers Can Capture Climate Opportunities
Climate change adaptation and the transition to net zero present huge premium growth opportunities for insurers. The key question is how to get started.
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Article 7 mins
How to Navigate the EMEA Cyber Risk Insurance Market
As the cyber insurance landscape continues to evolve in EMEA, companies need actionable insights and solutions to strengthen their cyber risk strategies.
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Article 9 mins
Insurers Seek Risk Transfer Solutions to Offset Higher Retentions and Resume Growth
The challenges of 2023 eroded the buffers that many insurers had previously enjoyed, bringing an increased focus on capital management and a variety of capital sources according to Aon’s capital poll.
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Report 18 mins
Evolving Technologies Are Driving Firms to Harness Opportunities and Defend Against Threats
While advancements in AI, cyber and data technology are helping companies operating in an increasingly digital world gain a significant competitive edge, they also introduce new and evolving risks.
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Article 6 mins
How to Make the Most of Voluntary Benefit Plans in the U.S.
As healthcare costs rise, voluntary benefits are a critical component of engaging employees, while also helping to manage direct and indirect medical expenses. Here are three strategies for employers to make the most of their voluntary benefits.
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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 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
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 8 mins
Diversity, 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.
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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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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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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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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.