What it Does: Aon offers a variety of risk-reduction services, including customized business consulting and Economic Risk, Financial, Asset, and Insurance solutions.
Mission: Aon influences choices for the positive in safeguarding and improving the welfare of people everywhere.
Size and Presence: Aon employs over 50,000 people in 120 nations.
Best Known For: Aon will provide its clients with superior information, advice, and decision-making skills on the matters that concern them the most.
The Good Bits: Fantastic workplace culture and dynamism.
The Not So Good Bits: There is insufficient diversity in upper management.
When Ryan Insurance Group and Combined International Corporation amalgamated in 1982, Aon's rapid expansion had its start. Aon, a GaelMonterm that means "Oneness," was used to introduce that business to Wall Street in 1987. Aon's rise in the world insurance industry was powered by strategic acquisitions and sustained growth during the 1980s and 1990s. We have purchased some of the most well-known companies in the advisory and insurance sectors over the past 20 years, including Hudig-Langeveldt, a 1680-founded company that offers insurance cover for cargo ships.
The Financial Services Authority fined Aon £5.69 million in the UK in January 2009 for having insufficient anti-bribery and anti-corruption controls. The authority claimed that between 14 January 2005 and 30 September 2007, Aon had not adequately evaluated the risks associated with its transactions with foreign companies and people. The Authority did not discover any evidence that any funds had awful organisations. Due to its assistance with the inquiry, Aon was entitled to a 30% reduction in the penalties. Aon said that its actions were not intentional and added that since then, it had "substantially reinforced and extended its safeguards around the employment of third parties."
The beating heart of the company is its workforce. What connects Aon, motivates it, and inspires the best in the company is its enthusiasm for its clients. Aon provides an environment of possibilities for its employees across the whole Aon organisation, driven by cooperation and ingenuity. In the end, colleagues at Aon are more valuable, linked, and relevant, enabling them to reach their full creative ability. Aon can perform its best job for the clients because of the culture it has. Aon’s clients have the transparency and trust to make better judgments to safeguard and expand their businesses thanks to the suggestions and solutions offered by its staff. And regions and individuals prosper when businesses are successful.
To execute professional recruitment, cooperate, and support one another while developing their careers and maximising their potential, we are committed to offering a worldwide Aon United learning experience. We have made significant technologies to support a dynamic, mixed, and adaptable workforce, and we're always coming up with new methods to collaborate. Our employees can foster a diverse, collaborative, encouraging, and open community because our executives are held accountable for their actions.
The average annual salary of a fresh graduate at Aon Singapore is SGD 40,000.
Aon establishes long-term environmental targets to boost productivity and cut carbon emissions. Concerning our environmental effects, Aon will define attainable goals and create action plans to achieve them. As needed by local laws or by voluntarily stated external obligations, Aon shall be open and honest about its development and environmental performance. Aon works to:
The FSA found that as a result of these mistakes, Aon Ltd made several dubious payments to overseas third parties in Bahrain, Bangladesh, Bulgaria, Burma, Indonesia, and Vietnam throughout the relevant period totalling around US$2.5 million and €3.4 million.