Aon Consulting Sees Significant Wins Across Benefits Outsourcing Services
Positive results in 2009 reflect Aon Consulting’s strength in the EBO space
CHICAGO - Aon Consulting, the global human capital consulting business of Aon Corporation (NYSE: AON), today announced that its Employee Benefits Outsourcing (EBO) group added 13 new mid-and large market organizations* in 2009. This complements a list of more than 100 benefits administration clients, representing more than 1.5 million U.S. participants.
“Companies are increasingly choosing Aon Consulting for their benefits delivery needs,” said Ken Haderer, executive vice president and head of Employee Benefits Outsourcing for Aon Consulting. “Clients comment on the flexibility and strength of our employee facing portal, the quality of our people, and our ability to address their business concerns with targeted solutions that have real impact.”
Of the new clients partnering with Aon Consulting’s EBO group in 2009, seven signed on for health and welfare services, three for defined benefit services, and three added both health and welfare and defined benefit administration. These clients range in participant size from 2,000 to more than 50,000.
Aon Consulting also added clients that purchased benefits point solutions, delivering dependent eligibility verification audits, designed to reduce health care costs, to more than 50 client companies, covering a total of more than 1 million plan participants. In retirement, 12 new clients purchased PenProPlus, a mid-market pension administration/recordkeeping solution, bringing the total client base for this service to 165 companies and more than 525,000 participants.
“The improvements in our technology have been critical to our growth,” said Shaka Maharajh, senior vice president and Client Solutions leader. “We’re working to meet our clients’ delivery objectives, whether for specific improvements in quality of service or processing efficiency. In addition, we’re helping these organizations address broader workforce objectives around issues critical to their business, such as engagement, empowerment and change management.”
“Our 2009 results reflect Aon Consulting’s continuing commitment to being a leader in this field,” said Haderer. “We’re encouraged by the market’s growing interest in our services and look forward to continuing our momentum in 2010.”
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*Middle market - organizations with 2,500 - 10,000 employees; large market - organizations with 10,000+ employees.
About Aon Consulting
Aon Consulting is among the top global human capital consulting firms, with more than 6,300 professionals in 229 offices worldwide. The firm works with organizations to improve business performance and shape the workplace of the future through employee benefits, talent management and rewards strategies and solutions. Aon Consulting was named the best employee benefit consulting firm by the readers of Business Insurance magazine in 2006, 2007, 2008 and 2009. For more information on Aon Consulting, please visit http://www.aon.com/human-capital-consulting.
Aon Corporation (NYSE: AON) is the leading global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting. Through its more than 36,000 colleagues worldwide, Aon readily delivers distinctive client value via innovative and effective risk management and workforce productivity solutions. Aon’s industry-leading global resources and technical expertise are delivered locally through more than 500 offices in more than 120 countries. Named the world’s best broker by Euromoney magazine’s 2008 and 2009 Insurance Survey, Aon also ranked highest on Business Insurance’s listing of the world’s largest insurance brokers based on commercial retail, wholesale, reinsurance and personal lines brokerage revenues in 2008 and 2009. A.M. Best deemed Aon the number one insurance broker based on brokerage revenues in 2007, 2008, and 2009, and Aon was voted best insurance intermediary, best reinsurance intermediary and best employee benefits consulting firm in 2007, 2008 and 2009 by the readers of Business Insurance. For more information on Aon, log onto http://www.aon.com.
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