What It Does: AON provides various services such as fiduciary management, investment solutions, credit solutions, fleet solutions, cyber solutions, mergers & acquisitions, pension training, risk training & settlement, and underwriting to companies across industries such as construction, wholesale & retail, real estate, energy, healthcare, and so many more.
Mission: AON's mission is to facilitate human and economic possibilities for its clients, partners, and communities across the world.
Size and Presence: AON has a workforce strength of 6,000 employees across 23 offices in the UK. The company’s global headquarters is in London.
Best Known For: AON is best known for its extensive range of services which covers commercial risk solutions, health solutions, and retirement solutions. The company's expertise also extends to technology in the area of data analytics and other cyber solutions. This company has won notable awards, such as Pension Consultancy of the Year. The company also won DB Investment Innovation of the Year.
The Good Bits: The workspace is calm, friendly, and relaxing. There are flexible working arrangements for a good work-life balance. The company offers several employment benefits to its workers.
The Not-So-Good Bits: The job comes with some pressure.
The origin of this company dates back to 1918 when the founder joined his mother's insurance company and marketed low-cost, low-benefit accident insurance, as well as issuing policies on-site and underwriting. The following year, Mr. Stone started his firm, Combined Registry Co. During the Great Depression, Stone laid off some workers and provided more training opportunities for the ones left. In 1939, Stone purchased American Casualty Insurance Co. of America. Eight years later, it consolidated with Combined Registry Co to form Combined Insurance Co. of America. In the 70s, the company started establishing international branches. AON quickly established a global reach through acquisitions outside the US.
In 1999, AON announced a new fee disclosure policy, a response to industry demands. That same year, it acquired a couple of insurance firms and the cost of integrating them affected the company’s profits. However, in 2003, the hike rates in the insurance industry brought good fortune for the company because they witnessed an increase in revenues. In mid-2022, the company named Eric Andersen as its president.
AON is a lovely company to work with because of its healthy working environment. The office spaces were designed to be relaxing and open to enhance employee productivity. The staff are friendly and supportive, creating a welcoming environment for fresh graduates and interns. The company has a friendly diversity and inclusion policy, which influences its hiring culture. The company recruits employees based on merit regardless of nationality, religion, sexuality, gender, age, physical condition, social status, race, or political affiliations. The company's inclusive environment ensures that every employee has access to opportunities for growth, giving everyone a sense of belonging in its community. The company’s dress code is business professional from Mondays to Thursdays and business casual on Fridays.
AON is a good place for one's career growth. It has several career schemes, such as Launch, its graduate program, which is targeted at freshers. This program nurtures its high-performing freshers into becoming future business leaders. The company also offers industrial placements and internships to enterprising interns, giving them valuable insights into the company's business and operations. The company's apprenticeship offers paid learning and working experience. Apprentices at AON can gain relevant skills and qualifications. Its work insight program is an interactive and weeklong experience that can help individuals identify potential speciality fields.
The company's hiring process includes the following:
AON pays its fresh graduates an average annual salary of £35,000.
In 2019, AON made financial donations to several charities in the UK. The company is also vocal in its fight against modern slavery and human trafficking.
AON made headlines after they reduced staff salaries during the pandemic.