Aon Forms Strategy and Technology Group to Combine Key Capabilities to Optimize Clients’ Operational and Financial Performance

Developed over the past 12 months, STG combines strategic consulting (including claims efficiency, performance benchmarking, market share data/trends, actuarial analysis, and capital structure and access) with a technology suite (including Tyche, ReMetrica and PathWise) to help clients Deploy capital efficiently and effectively across the enterprise. If companies seek to deploy these funds, they will face many regulatory and operational constraints; Aon’s data-driven tools provide a platform to respond confidently with more informed decisions.

Eric AndersenPresident Aon said: “Forward-looking insurers are helping drive the economy by protecting businesses, governments and communities. To meet shareholder and societal needs, while delivering continued growth and profitability in a highly competitive environment, insurers need resilience. and the ability to address increasing current and future risks. STG helps clients facilitate this process, reduce risk and future-proof their business to capitalize on the opportunities that exist in today’s turbulent environment by making better business decisions. “

Through a tailored discovery approach, STG creates highly customized solutions that help clients explore profitable opportunities, improve business efficiency and drive financial health. Further client goals addressed by STG include expanding geographic and product offerings, increasing share price value, simplifying organizational structures, developing peer benchmarks and building a workforce for the future.

Combined with Aon’s insurance industry expertise and global network, STG’s insights and software are further enhanced by the ability to execute re/insurance transactions when needed, providing clients with a holistic service with practical, implementable solutions.

Colin Forrest Leads STG as Group CEO and was previously Head of Europe, Middle East and Africa for WTW’s Insurance Advisory and Technology (ICT) business. Forrest said: “The reinsurance/insurance industry is facing enormous challenges that are putting pressure on profitability and creating the need to modernize. However, these challenges also present opportunities for companies to reinvigorate their businesses and differentiate themselves in the market. At STG, we combine experience and proven results with the energy and ideas of startups to create innovative solutions to build more resilient companies. We fully recognize reinsurance companies as trusted advisors embedded in the industry demand, will combine industry knowledge and the ability to deliver relevant capital increase transactions.”

STG is an important part of Aon focused on serving the insurance industry, consisting of Andy MarcelAs CEO of Reinsurance Solutions, Marcell oversees STG and the company’s reinsurance broking capabilities while bringing the best of Aon to clients in the industry.

The team consists of Nick Frankland – Former CEO of Aon Reinsurance Solutions UK – He brings together Aon’s capabilities and drives the acquisition of the Tyche financial modelling platform March 2022, which is also an important milestone in the development of STG.He also hired a number of key senior employees, primarily Forrest and Becky Allison As STG’s COO, she brings a wealth of experience to WTW’s EMEA ICT practice as COO for a long time.

The group will initially focus on property and life insurance, before expanding to companies seeking to match risk and capital, including insureds, captives, private equity, hedge funds and investors.

For more information on Aon Strategy & Technology Group, please visit https://www.aon.com/stg