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MarketScreener Homepage  >  Equities  >  Nyse  >  Aon Plc    AON   IE00BLP1HW54

AON PLC

(AON)
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Aon : Forecasts Workforce Impact of COVID-19 with Interactive Web Application

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04/06/2020 | 08:06am EDT

Aon plc (NYSE: AON) today unveiled an interactive web application that forecasts the impact of COVID-19 on employee populations throughout the U.S.

Sample dashboard for mock employer

Aon, a leading global professional services firm providing a broad range of risk, retirement and health solutions, designed the tool to help employers anticipate medical costs, absenteeism and potential needs to shift work operations due to the spread of COVID-19.

'COVID-19 has brought on uncertainties in many aspects of our lives and this application will help employers understand their risks,' said Tim Nimmer, global chief actuary of Health Solutions for Aon. 'Aon's COVID-19 Employee Impact Model forecasts the impact on your employee population based on geographic-specific infection rates and advanced epidemiologic models.'

Aon's COVID-19 Employee Impact Model works by using de-identified demographic data on employee populations and dependents covered by the employer's health plan. Aon's application combines employer-specific data with geographic infection rates from the most reputable epidemiologic models. * It is updated daily based on the spread of the virus, social distancing measures taken by local governments, and the current figures of confirmed patients, hospitalizations, deaths, and testing and treatment patterns.

The tool allows employers to estimate the impact of the virus through the fall on their employee population. By selecting a date, employers can see projected cases and medical claims cost, which can change daily based on the most current COVID-19 information.

'Aon consultants will work with employers to build plans on how to keep employees safe while minimizing disruptions to their operations,' Nimmer added. 'In these uncertain times, it is important that organizations have the most current information from which to base their decisions to safely maintain vital operations.'

Key features allow employers to:

view employee population impact by geographic area over time;

estimate the number of mild cases, hospitalizations, ICU visits and fatalities based on specific population demographics; and

estimate health care costs associated with testing and treatment.

Members of Aon's Actuarial & Analytics Practice, who developed the cloud-based platform, are working to also quantify productivity and the broader business impact by adding metrics that model workers' compensation claims, time lost, salary replacement costs, disability and life insurance, and cost savings of deferred elective medical procedures.

The application initially will be available in the U.S. and is recommended for employers with at least 300 employees. It will be expanded globally soon.

For more information about the COVID-19 Employee Impact Model, contact your Aon representative or visit https://www.aon.com/forms/2020/coronavirus-contact-us-form.jsp.

Epidemiologic model sources reviewed for Aon's COVID-19 Employee Health Model include The COVID Tracking Project, the Centers of Disease Control and Prevention, the Kaiser Family Foundation, Harvard University, The Lancet, The Journal of the American Medical Association, The New England Journal of Medicine and Imperial College London.

About Aon

Aon plc (NYSE:AON) Aon is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.

Follow Aon on Twitter: https://twitter.com/Aon_plc

Visit the Aon Newsroom: http://www.aon.com/home/newsroom/index.html

Media Contact:

Robert Elfinger, robert.elfinger@aon.com, 312-381-0071

Aon plc (http://www.aon.com) is a leading global provider of risk management, insurance brokerage and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 72,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative risk and people solutions. For further information on our capabilities and to learn how we empower results for clients, please visit: http://aon.mediaroom.com. (PRNewsfoto/Aon Corporation)

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2020 10 911 M - -
Net income 2020 2 043 M - -
Net Debt 2020 6 253 M - -
P/E ratio 2020 22,7x
Yield 2020 0,88%
Capitalization 51 972 M 51 972 M -
EV / Sales 2019
EV / Sales 2020 5,34x
Nbr of Employees 50 000
Free-Float 99,1%
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Gregory C. Case Chief Executive Officer & Executive Director
Eric Andersen President
Lester B. Knight Independent Non-Executive Chairman
John G. Bruno Chief Operating Officer
Christa Davies Chief Financial Officer & EVP-Global Finance
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