Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Aon PLC    AON   GB00B5BT0K07

AON PLC (AON)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Aon PLC : Aon Benfield hails Ruschlikon Initiative following 200% annual messaging increase

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/05/2013 | 05:20pm CEST

Feb 5, 2013

London, 05/02/13 - Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc (NYSE:AON), today announces its continued support of the Ruschlikon Initiative, as new data suggest that Ruschlikon is having a positive impact across the industry.

The Initiative, which aims to streamline and automate back office processes, encourages re/insurers to utilize ACORD messaging - a common data standard that allows more seamless communication between counterparties.

In 2012, market-wide cooperation resulted in an increase in global messaging volumes to around 700,000, compared to 215,000 messages in 2011. For 2013, messaging volumes are expected to rise to 2.5 million. 

Around 30 companies are committed to implementing the Initiative's Global Re/insurance Best Practices - Accounting, Settlement and Claims compliant solutions, which cover commercial and reinsurance business across five continents and more than 40 countries, including the London Market.

With a growing number of participants, the Ruschlikon Initiative is contributing to reduced operational costs and enhanced client service; estimates suggest that participants' administration costs can be reduced by up to 30 percent.

Ian Summers, Aon Benfield's Chief Information Officer in the UK, and Chair of The Ruschlikon Steering Group, said: "The reported business benefits make a compelling case for joining the Ruschlikon Initiative. Premiums are settled typically 15 days earlier than via standard processes, unmatched cash is eliminated, and administration costs are reduced by around 30 percent on average, which together better enable the delivery of enhanced client service. In an industry known for its lack of automation, the volumes clearly demonstrate a market that is fully receptive to change. Such industry initiatives need time and commitment; despite the considerable savings potential, mutual exchange capabilities need to be synchronized and processes aligned. The advantages are increasingly acknowledged by decision makers, more on the business side than in the IT department, as the technology is no longer a hurdle."

Further acceleration of the Ruschlikon Initiative is envisaged for 2013, with potential new participants having been identified and the development of dedicated workshops at key industry conferences.

--ENDS--

About Aon Benfield

Aon Benfield, a division of Aon plc (NYSE: AON), is the world's leading reinsurance intermediary and full-service capital advisor. We empower our clients to better understand, manage and transfer risk through innovative solutions and personalized access to all forms of global reinsurance capital across treaty, facultative and capital markets. As a trusted advocate, we deliver local reach to the world's markets, an unparalleled investment in innovative analytics, including catastrophe management, actuarial and rating agency advisory. Through our professionals' expertise and experience, we advise clients in making optimal capital choices that will empower results and improve operational effectiveness for their business. With more than 80 offices in 50 countries, our worldwide client base has access to the broadest portfolio of integrated capital solutions and services. To learn how Aon Benfield helps empower results, please visit aonbenfield.com.

About Aon

Aon plc (NYSE:AON) is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 62,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative and effective risk and people solutions and through industry-leading global resources and technical expertise. Aon has been named repeatedly as the world's best broker, best insurance intermediary, reinsurance intermediary, captives manager and best employee benefits consulting firm by multiple industry sources. Visit www.aon.com for more information on Aon and www.aon.com/manchesterunited to learn about Aon's global partnership and shirt sponsorship with Manchester United

Media Contacts

David Bogg

+44 (0)20 7522 4016

[email protected]

Andrew Wragg

+44 (0)20 7522 8183

[email protected]

Alexandra Lewis

+44 (0)20 7882 0541

[email protected]

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AON PLC
06/21AON : Launches Updated Thai Flood Model to Support Underwriters in Market
AQ
06/15AON : says Equitable Life announcement is a prompt for DC trustees to review sch..
PU
06/13AON : Interest in Responsible Investing Among Institutional Investors Continues ..
AQ
06/12AON : Interest in Responsible Investing Among Institutional Investors Continues ..
PU
06/08AON : US suffers multi-billion dollar storm losses amid subdued start to tornado..
AQ
06/07AON : Cyber insurance premiums to outpace all others, according to a global anal..
PU
06/05AON : signs up to UN Principles for Sustainable Insurance
PU
06/04AON : completes ETV exercise for the Aon Retirement Plan
PU
06/01AON : Andrew Marcell Appointed Leader of Aon's Reinsurance Solutions Business
AQ
06/01AON PLC : Marsh & McLennan and Three Additional Stocks Under Scanner in the Insu..
AC
More news
News from SeekingAlpha
05/29Tracking Wallace Weitz's Weitz Investment Management Portfolio - Q1 2018 Upda.. 
05/22Aon acquires IP firm 601West 
05/04Aon Corporation 2018 Q1 - Results - Earnings Call Slides 
05/04Aon Plc (AON) Q1 2018 Results - Earnings Call Transcript 
05/04Aon beats by $0.17, beats on revenue 
Financials ($)
Sales 2018 10 871 M
EBIT 2018 2 608 M
Net income 2018 1 357 M
Debt 2018 5 344 M
Yield 2018 1,12%
P/E ratio 2018 24,46
P/E ratio 2019 18,90
EV / Sales 2018 3,58x
EV / Sales 2019 3,41x
Capitalization 33 532 M
Chart AON PLC
Duration : Period :
Aon PLC Technical Analysis Chart | AON | GB00B5BT0K07 | 4-Traders
Technical analysis trends AON PLC
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 154 $
Spread / Average Target 12%
EPS Revisions
Managers
NameTitle
Gregory C. Case Chief Executive Officer & Director
Mike O'Connor Co-President
Eric Andersen Co-President
Lester B. Knight Non-Executive Chairman
John G. Bruno Chief Operations Officer
Sector and Competitors
1st jan.Capitalization (M$)
AON PLC2.34%33 532
WILLIS TOWERS WATSON1.83%20 324
ARTHUR J. GALLAGHER & CO5.47%12 165
BROWN & BROWN, INC.9.68%7 796
JARDINE LLOYD THOMPSON GROUP PLC-5.25%3 829
STEADFAST GROUP LTD2.13%1 699