Aon Hewitt Solutions Curtiss Wright June 2, 2014 Meeting Risk. Reinsurance. Human Resources.
Aon overview Aon was founded in 1979 although our history, through mergers and acquisitions, dates back to the 1600s. The company s U.S. operations are headquartered in Chicago, and have been since its inception. In April 2012, Aon completed a relocation of our global headquarters from Chicago, IL to London. We made this decision to leverage proximity to the Lloyds of London insurance marketplace. Awards & recognition Aon has been recognized as a leading risk solutions firm by publications, industry observers and most importantly, our clients throughout the world. Aon is publicly traded on the New York Stock Exchange. Our most recent financial reports can be accessed through the Investor Relations section of www.aon.com. The integrated solutions we provide for our clients are drawn from every aspect of our global organization. Aon Risk Solutions HR Solutions Aon Risk Solutions Aon Benfield Aon Hewitt Retail Brokerage Risk Assessment and Advisory Health & Benefits Captive Management Select Personal Lines GRIP Solutions Actuarial and Analytics Claims Advocacy and Administration Technology Solutions Treaty Reinsurance Brokerage Facilitative Reinsurance Brokerage Capital Markets and Financial Advisory Analytics and Technical Services Claims Management Strategy, Claims and Operations Talent Rewards & Compensation Talent Acquisition & Assessment HR BPO Retirement Retirement & Investment Defined Benefit & Defined Contribution Administration Financial Services Health Health & Benefits Health & Welfare Administration Health Care Exchanges Worldwide employees 66,000 Number of worldwide offices 500 (in 120 countries) Worldwide premium placements Over USD 78 B New York Stock Exchange symbol AON Aon Risk Solutions Aon s global risk management business, Aon Risk Solutions, provides clients across all sectors with comprehensive risk management and employee benefits solutions. Guided by the Aon Client Promise, our teams deliver customized and innovative risk strategies, tools and capabilities to provide value for our clients. Aon Hewitt Aon s human resources consulting and outsourcing organization, Aon Hewitt, works with clients of all sizes to find, develop, motivate and reward employees in ways that align with our clients financial and business goals. We help our clients achieve better business results by addressing critical human resources issues. Aon Benfield Aon s worldwide reinsurance entity, Aon Benfield, is the largest reinsurance broker in the world, with access to all aspects of the global reinsurancemarket. We offer reinsurance brokerage, analytical services, alternative risk financing vehicles and wholesale brokerage services. 1 2
Industrial Materials Practice Global reach, local knowledge The Aon Risk Solutions Industrial Materials Practice provides a top-to-bottom strategy for manufacturers, from comprehensive catastrophic risk management to daily cost-of-risk. The services we provide are carefully tailored to meet the unique needs of each customer. For over 100 years, Aon Greater New York has been proud to serve the New York, New Jersey and Connecticut communities and local businesses. We work hard to create custom, proven solutions to protect our clients businesses and people in a world of constantly changing risks. Every Aon solution we design and deliver is backed by the global reach, energy and resources of Aon plc, the world s largest broker. For each client, we leverage the collective expertise of teams across the Aon network. Our broad and deep industry knowledge, combined with our dominant position in the market goes into every solution we develop. Your advantage with Aon Greater New York We use robust benchmarking with the most current information on industry rates, prices, coverages, retentions, limits of liability and other factors to develop solutions based on proven methodologies. In the same way, we leverage powerful modeling tools to estimate losses that could be sustained by plants, warehouses or operating facilities because of catastrophic events. Aon s Global Risk Insight Platform (GRIP), the world s largest proprietary database of insurance placement data supports these practices with insight across carriers, industries and products on every level, from individual transactions to global trends. 2200 3254 Aon Risk Solutions colleagues in the Greater New York region Armed with accurate, timely data, Aon professionals help clients better understand what their peers are paying, which industry-focused insurers are most competitive in terms of pricing and coverage, and how to develop programs that improve coverage while containing costs. 2014 Clients served locally 12 Offices in Greater New York Steve Schluter Executive Vice President Aon Greater New York Areas of expertise Aon colleagues in the Greater New York region provide innovative risk solutions for thousands of clients. With focused, value-added services driven by local leadership, we empower results for clients of all sizes, risk profiles and industries. Service areas Actuarial Health and benefits Loss control and claims Management liability (Directors and Officers, Employment Practices Liability, Crime) Property and casualty Travel accident Industry focus Higher education Construction Financial institutions Industrial materials Professional services Real estate Technology Power Broker Steve Schluter, ARM A year and a half ago, Seton Hall University had to make a sticky transition. We discussed it with Steve, said Lori Brown, Seton Hall s director of compliance and risk management. He handled it gracefully. He navigated us through the transition while managing our expectations. Aon Risk Solutions Parker Hannifin ITT Industries SPX Dresser Rand Honeywell Raytheon Alliant Techsystems Textron General Dynamics 3 He brings not just his knowledge of insurance but developing trends across higher ed, said Helen Schneider, associate vice president for facilities and campus services, Loyola University. Recently Loyola worked on a pollution policy, and Schluter raised the issue with the five self-insured universities in the risk management consortia. He asked, Do we need to look at this collectively? He encouraged us to look at attitudes within higher ed towards pollution, where the insurance market is going and what needs we aren t aware of. Aon Hewitt Lorem ipsum dolor Sit amet, ne sed prima Mazim albucius ea esse decore Modo laudem debet postulant vim, suscipiantur sed. duo aliquam dignissim Sit amet, ne Schluter also guided consortia members into the waters of cyber insurance, helping them understand how to mitigate cyber risks, and connecting them with the right experts at Aon. The result: lower risk and better coverage for all of the group s members. sed prima People skills are his special gift, said Brown. He sets up teams of people who specialize in various areas of insurance. In a policy like Seton Hall s that involves many pieces, she said, that connection to resources is very valuable. 4
Risk Maturity Index Aon Risk Maturity Index What s your organization s risk maturity rating? 1 1.5 3.5 4.5 2 3 2.5 4 5 The Aon Risk Maturity Index is an innovative and free tool designed to capture and assess an organization s risk management practices and provide participants with immediate feedback and comments for improvement. Aon has partnered with The Wharton School of the University of Pennsylvania to develop the Index and conduct joint research on the relationships between risk management practices and actual performance. With a question structure focused on observable practices, the Index helps to identify the differentiating practices of colleges and universities. The key differences and activities that are compared through the analysis are: Developed awareness of the complexity of risk and the environment in which the institutions operate Formalized agreements and expectations for risk management strategy Designed organizational structure to ensure alignment to execute risk management strategy Developed with These three differentiating practices offer an initial roadmap for organizations seeking to improve their approach to risk and risk management performance. Empowering people, serving communities Empowering communities Aon Greater New York is fully committed to the communities we serve. Aon colleagues are encouraged to participate in community service projects and contribute time, expertise and other resources to local organizations such as Tribute WTC Visitor Center, Friends of Rockaway, Habitat for Humanity, The Educational Alliance, Trinity Church, Cabrini Immigrant Services, Dress for Success and many more. Working together with our clients, we support causes that promote the health and well-being of local communities. Did you know? Aon Greater New York is home to multiple Aon plc business units and practice groups including Aon Risk Solutions Aon Hewitt Aon Benfield Aon Global Client Network Aon Private Risk Management Aon Construction Services What our clients say Innovative technology tools Aon is an industry leader in developing and using innovative technology to deliver superior service to our clients Aon Global Risk Insight Platform is the world s largest proprietary database of insurance placement data Aon esolutions helps organizations improve management of risk, insurance and safety programs with award-winning technology systems and services Our unique promise to clients The service provided by our Aon team is, in my opinion, unparalleled. We would not think of making an acquisition, sign a lease or initiate any other significant real estate transaction without their advice. Managing Director, financial institution The team we have is excellent to work with. They are responsive, intelligent, innovative and creative. Risk Management Analyst, aviation company The Aon team we work with is outstanding. We changed to a competitor and came back because of the very large gap in quality of service with the competitor versus Aon. Chief Financial Officer, construction services For all our clients across Greater New York, the Aon team supports a unique 10-point program developed to create distinct value according to each client s buinsess and risk issues. In additon, we provide a consistent methodology for delivering value and services to help ensure that our clients receive the very best customized risk advice with brokerage services in the industry, regardless of their industry or market segment. 5 6
Contact Steve Schluter Executive Vice President 199 Water Street New York, NY 10038 212.441.2615 steve.schluter@aon.com