Aon Corporation
Aon Corporation is one of the leading risk management, insurance and reinsurance brokerage Provider Company based in Chicago. Established in 1982, the company also has business interests in human capital and management consulting. Because of the nature of its business, and wide geographical presence (500 offices across 120 countries with employee strength of 36,000), Aon Corporation has the advantage of anticipating, how changes in one sector may or may not affect other sectors.
The company came into existence when Ryan Insurance Group amalgamated with Combined International Corporation in 1982. When the combined entity got listed on NYSE, it was rechristened as Aon. Today, Aon is world's second largest insurance brokerage firm and world's largest reinsurance brokerage firm. Since the firm does not have any products designed or developed by self, it relies more on researching and providing its customers with best fitted and best prized car insurance products.
Aon operate through three of its division's commercial brokerage, consulting services, and consumer insurance underwriting. An Aon Risk service is the brokerage unit of the company and provides liability, casualty, retail property and related insurance products to retail and institutional clients of the company. Aon Re Global is into reinsurance broking services, which are targeted towards risk laden industries like energy, marine and aviation. Hence the customer base of this division is also limited to companies operating in these industries. Aon Consulting Worldwide is the consulting division of the company with employee benefit administration as its core competency.
Differentiating factor
Market today is full of car insurance products, which instead of making the selection of product simple; create more confusion in the minds of customers. This usually leads to the customer buying a wrong type and probably over prized product for their cars. Aon is not an insurance company, but rather is a risk management company, which means people at Aon go at greater lengths to get a perfect car insurance product for its customers. Though the products are of different companies, they are handpicked by the experts of the company so that their customers get the best fitting product and that too at a right price. Insurance and reinsurance brokerage accounts for 82% of the revenues generated by the company, which shows how important is the business for the company and how popular and trusted it is among customers. To know more about the company, its office locations and other products and services, logon to aon.com.
