On Aon

Record-breaking losses are reshaping the property and casualty market, but analytics can help companies better understand and price risk. This On Aon podcast episode examines climate losses, the effects of court cases, and how analytics can help businesses make better decisions.

Experts in this episode:

Joe Peiser, Global CEO of Aon Commercial Risk

Steve Hackenburg, Property and Casualty Leader, Commercial Risk North America

Paul Shedden, Global Head of Risk Capital Analytics

Key Moments:

[2:14] Climate as driver of significant loss activity

[2:44] Effects of tort activity on casualty losses

[5:00] Setting temperature records each year

[7:58] Favorable insurer results and what that means for companies

[9:29] Investing in digital and analytical capability

Additional Resources:

Climate and Catastrophe Insight

Soundbytes:

“Activities such as severe convective storms and wildfires traditionally have been viewed by the underwriting community as secondary perils, but given the frequency and severity of these events, they are now really being viewed as more primary perils by the underwriting community.” — Steve Hackenburg

“What's been less widely reported is that, in fact, every single one of the past 10 years has hit a new record, not consecutively, but each one of those in its own has hit a new record for warmest temperature as set by the World Meteorological Organization. So climate change is happening.” — Paul Shedden

“There’s lots of uncertainty out there and lots of confusion for clients. And that's where we really hope that some of our science and technology and own research can really help.” — Paul Shedden

In this year’s final “On Aon” episode, we take a closer look at one of the four key megatrends impacting organizations around the world: Technology. AI is driving new exposures that leaders need to identify and address. Our experts discuss the human risk in AI and the steps organizations should be taking.

Experts in this episode:
Spencer Lynch, Global Security Consulting Leader, Cyber Solutions
Adam Peckman, Head of Risk Consulting and Cyber Solutions, Asia Pacific

• [1:35] AI’s increasing risk in cyber exposure
• [3:02] Regulatory challenges with AI
• [3:25] The human element of cybersecurity
• [4:50] Strategies for managing increasing risk exposure

Additional Resources:

Evolving Technologies Are Driving Firms to Harness Opportunities and Defend Against Threats

2024 Client Trends Report: Better Decisions in Trade, Technology, Weather and Workforce

On Aon Special Edition: 2024 Business Decision Maker Survey

2024 Business Decision Maker Survey

Special Edition: Global Trade and its Impact on Supply Chain

Tweetables:

• “Gen AI will help businesses productivity and allow employees to be more engaged in stimulative work activities.” — Adam Peckman
• “The human element remains the weakest link in defending against cyber attacks.” — Adam Peckman
• “Risk leaders cannot afford to wait until these new technology initiatives go live before investigating the risk and insurance implications.” — Adam Peckman

How is the Life Sciences industry evolving? Aon’s Meaghan Piscitelli and Tanaz Moazami discuss the future of the industry, focusing on the transformative impact of AI and human capital management. They highlight the challenges of talent acquisition and retention and emphasize the importance of digital skills for the future life sciences workforce.
Key Takeaways:

• Life sciences companies face increased competition for talent, particularly in digital roles.
• AI is transforming the sector through medical breakthroughs, improved patient care and operational efficiencies.
• This transformation also presents risks related to data privacy, cyber security and potential misuse of new technologies.
• HR is a critical strategic partner in helping life sciences leaders properly recruit and retain talent, navigate the changes brought by AI and maintain a competitive edge.

Experts in this episode:

• Meaghan Piscitelli, Partner, Global Life Sciences Leader at Aon
• Tanaz Moazami, Human Capital Rewards Solutions Partner, Life Sciences Data at Aon North America

Additional Resources:

• 2025 Life Sciences Outlook: Building Preparedness to Mitigate Risks and Capture Human Capital Opportunities

Soundbites from Guest Tanaz Moazami:

• It's a challenging time in the talent space, and you need to ensure that employee value proposition is articulated. When it comes to your AI strategy, are you building it or are you buying it? What kind of talent are you bringing in? And when you're bringing in the talent, are you looking at your cyber security? Are you looking at your data privacy? What kind of measurements are you putting in place?
• AI is already transforming the sector. So from medical breakthrough and patient care to the analytical efficiencies that can be realized through automation. But automation and process improvement has always been part of life sciences. I don't think that is new. But artificial intelligence is more about creating the efficiencies that comes with getting the product faster to the market.
• HR leaders should look at the impact of artificial intelligence in their own department. Research suggests that 24 % of roles are at risk of significant disruption due to artificial intelligence integration.
• When we look at the industry currently, it lags behind others when it comes to communicating and publishing salary ranges. So to gain a little bit of a ground, organizations should probably start offering training to their management, which probably will lead to more effective conversation about pay and also educating the employees about pay decisions and also career development.

Supply chains are coming under pressure from major geopolitical events, advancements in AI technology and climate change. In this episode of On Aon, experts discuss the steps transportation and logistics businesses can take to improve their supply chain security.

Featured in this episode:
Chris Bhatt, Chief Commercial Officer, Transportation and Logistics
Chris Law, Senior Vice President, Marine Risk Engineering and Loss Control Practice Leader
Jan Steven Kelder, Specialty Leader, Transportation and Logistics, EMEA

• [2:04] Geopolitical risks in supply chain security
• [6:30] AI and risk management
• [10:20] Preparing for climate risk

Additional Resources:

Aon’s website

Transportation and Logistics Industry Overview

Aon Insights: Transportation and Logistics

Tweetables:

• “Risk management and insurance solutions need to be aligned with changing risks.” — Chris Law
• “A key element of tech resilience to cargo theft and crime is having resilient cybersecurity policies in place, and that starts with the people.” — Chris Law
• “At the end of the day, rerouting of cargo, irrespective of the cost, means you have to assess the security risk of your supply chain.” — Jan Steven Kelder
• “You have to make sure that your risk transfer solutions are always aligned with today’s changing and complex supply chains.”— Jan Steven Kelder

How is growing complexity and volatility impacting businesses around the world? And how can data and analytics help leaders make better decisions? On this episode of the On Aon podcast, we hear from Aon’s CEO, Greg Case, and Chief Administrative Officer, Lisa Stevens, about the opportunities for businesses to more effectively address risk and people issues and how Aon is going further, faster to help.

Experts in this episode:

• Greg Case, CEO, Aon
• Lisa Stevens, Chief Administrative Officer, Aon

Additional resources:

2025 Climate and Catastrophe Insight

2024 Client Trends Report

Key Moments:

[1:50] What we heard from clients at our Property & Casualty Symposium

[4:42] Aon’s Better Decisions Lab

[6:33] The interconnected megatrends of Trade, Technology, Weather and Workforce

[9:45] Opportunities for businesses in 2025

Soundbytes:

• Greg Case: “Our clients consistently remark that decision-making is becoming harder. Last year proved to be no exception and 2025 is off to a challenging and fast start...Yet in the face of this volatility, there's also significant opportunity for businesses and society to use data and analytics and innovative solutions to address their risks in new and more impactful ways.”
• Lisa Stevens: “We’ve identified four megatrends that are impacting every aspect of business decision making – Trade, Technology, Weather and Workforce...and the interconnected nature of these trends means that clients need advisors who are able to look at the connection points and provide integrated solutions and responses.”
• Greg Case: “Our clients have really responded to these megatrends, which are driving a level of complexity and volatility that has changed the way they think about risk and people issues.”
• Greg Case: “Our Better Decisions Lab brings together the content, the data, the analytics that we've been working so diligently on for a number of years in response to client need. It was a thrill to sit with our clients as they saw their own data come to life in real time and experience what this data could do for them as they think about the potential impact over time of climate risk on their overall portfolio of assets.”
• Greg Case: “I feel privileged to support our 60,000 colleagues at Aon on our mission to serve our clients and make a difference in the world. We have never been in a better position to help clients address their challenges, which is incredibly gratifying. If you want to see a happy Aon colleague, watch them wow a client – that really makes a massive difference at our firm.”
• Greg Case: “We've created what we believe is very much a first mover advantage. Our 3x3 Plan puts our firm in a position to curate and develop a set of analytics and content that will help us go further, faster and accelerate our Aon United strategy to serve client need.”