The survey responses reflect the carriers’ predicted increase in claims costs (net of COVID-19 impacts) for renewals occurring anywhere from July 1, 2020, through June 30, 2021, and are intended to assist in evaluating insurance premium renewals. In regard to insurance coverage questions, whether coverage applies, or if a policy will respond to any risk or circumstance is subject to the specific terms and conditions of the policies and contracts at issue and underwriter determination. These efforts, among many others, are all designed to improve workforce resilience, which includes the physical, social, emotional, professional and financial wellbeing of employees. Explore the Aon 2019 Global Risk Management Survey results. Globally, 84% of survey respondents view workforce agility, defined as the ability to quickly move employees into new roles or areas of the organization to support changing business needs, as very important or extremely important to the future success of their organization following the onset of the pandemic. They also offered insight into how they are currently managing their plans and where they see their greatest opportunities. At the same time, companies continue to struggle with many of the acute challenges presented by the pandemic, such as assisting working parents when schools are closed or employees who are caring for elderly family members. This document has been provided as an informational resource for Aon clients and business partners. Aon Reveals the Ward’s 50 List of Top-Performing Insurance Companies for 2020 Aon plc , a leading global professional services firm providing a broad range of risk, retirement, and health solutions, has released the list of Ward's 50 ® top-performing insurance companies for 2020, identifying U.S. companies that have achieved superior financial performance. However, while workforce agility is widely viewed as vital to future success, on a global basis, only 39% of survey respondents currently view their workforces as very agile or extremely agile. The third quarter update of the Aon Property Market Dynamics report includes a review of current property market rate and trends. The costs of employer medical benefits across the world are forecasted to rise 8.0 percent in 2020, outpacing general inflation by 4.9 percent. Get valuable insights to improve your global understanding of salary increase trends and the various economic factors that influence those numbers. Aon’s Canada 2020 Capital Accumulation Plans Employer Survey (CAP Employer Survey) findings are presented in this report and supported by insights from Aon’s Canadian CAP Points of View Paper, which outlines our view of the key building blocks and design principles which will have a positive impact on individual outcomes. Celebrating its 10th anniversary, Aon’s 2020 UK Benefits & Trends survey looks at the evolution of benefits provisions and the emerging trends in the employee benefit market. Request a Demo . As more companies announce plans to expand or extend remote working arrangements for employees, they are also providing new tools and programs to improve the productivity and wellbeing of their remote workforce. The Radford Global Technology Survey now includes data from 2,594 organizations reporting information on 8.6 million employees in 86 countries. AON Benefits & Trends Survey – 2020 . As per the Aon Salary Increase Survey 2020, the salary hike in 2020 is among the lowest figure since 2009 (at 6.6 percent). For example, 71% of survey respondents globally said their companies are actively investing in tools and technologies to support remote collaboration, followed by 58% of respondents who said their companies are providing employees with more wellbeing tools and programs. M&A insurance volume in APAC was 40% higher in 2019 compared to 2018, with Europe up 4%. Additionally, on a global basis, 42% of survey respondents said their companies have already enhanced, or are actively considering enhancing, allowances and reimbursement policies for remote employees in response to the pandemic. However, most of these efforts are currently tied to enhancing Employee Assistance Programs (EAPs) and expanding networking groups for parents. Explore key findings from Aon's midyear 2020 survey of leading healthcare carriers in the U.S. Aon is pleased to present the results of its midyear 2020 survey of leading healthcare carriers in the U.S. Aon 2020 Capital Accumulation Plans Employer Survey Report With (CAPs) becoming the primary workplace retirement vehicle for most Canadian employees, Aon surveyed … Helping employees address acute challenges related to the pandemic remains an ongoing and evolving challenge for companies. Read the discussion on emerging trends, future trends and other key findings from our consultant team. “This study demonstrates how companies are actively preparing for the future of work,” said Michael Burke, chief executive officer for Aon’s Human Capital business. Note: Your firm has signed an agreement not to share data on this site with any unauthorized party. In this report, you will find critical insights on 2021 budget plans and the current hiring environment, as well as pay practices and performance management data. Media Contacts Aon also recorded growth in M&A insurance in Asia and Europe. Complete study results are available here. The Aon Salary Increase Survey 2020 findings also revealed that India still lead the race of salary increase among other countries in the Asia Pacific region including China, Philippines, Malaysia, Singapore, Australia and Japan. 2020 US medical claims lower than expected: Aon. The prevalence of new or temporary programs to provide direct assistance to parents to cover childcare, tutoring, or e-learning costs remains low. Radford survey data helps with targeted, accurate and timely compensation data to set you up for success. … On a global basis, 35% of survey respondents indicate their companies have changed, or are actively considering changing, their time-off policies in response to the pandemic. When survey respondents were asked to assess 10 key factors needed to build and maintain an agile workforce, the ability to attract and retain diverse employees and create an inclusive culture ranked near the top. ksparrer@aon.com To help enhance organizations' position against evolving cyber security risks and threats, Aon is pleased to present the 2020 Cyber Security Risk Report. Risk readiness has dropped to its lowest level in over a decade. Other content in this Stream. Password. We'd love to give you a personalized tour of the Radford Network and share more about our global rewards surveys. The survey was conducted among 107 Aon offices that broker, administer, or otherwise advise on employer-sponsored medical plans in each of the countries covered in this report. Aon encourages all readers to consult with appropriate advisors before acting on any of the information contained in this press release and accompanying reporting. Another top factor is the ability to assess employees for adaptability, collaboration and communications skills. An update on rate and market trends in the property marketplace, with Q1 representing the 10th consecutive quarter of increasing property rates. Unveiling insights from Aon's 24th Annual Salary Increase Survey 2020, and Annual Executive Compensation Survey 2019 – 2020 What does the year 2020 look like in terms of Salary increases and Pay? Aon is pleased to present the results of its 2021 survey of average medical trend rates from countries around the world. Aon is pleased to present the results of our 2020 survey of average medical trend rates from countries around the world. Lynette discusses the findings of the AON Global Risk Management Survey 2019 which involved responses from more than 2,600 risk managers from 33 industries, representing small-, medium- and large-sized organisations operating in 60 countries. Globally, 86% of respondents said this factor was very important or extremely important, ahead of factors such as identifying employees with key digital skills, introducing new career paths and developing flexible compensation programs. The survey was conducted across 105 countries where Aon brokers, administers or otherwise advises on employer-sponsored medical plans. Access international media contacts, the full library of Aon media releases, and a media kit with fact sheet and executive bios, via links below. At a global level, we are expecting a lower average Medical Trend Rate in 2021 relative to 2020 reported projections. Almost four-fifths of respondents (78%) saw the greatest increase in the number of policies underwritten in 2019 compared to 2018 in North America, and 68% expected that market to show the greatest increase in 2020. Machen Sie mit bei der Gehaltserhöhungsumfrage 2019-2020 von Aon Schließen Sie sich Tausenden von Unternehmen in über 100 Märkten an, um zu erkunden, wie sich die Gehälter weltweit entwickeln. Search. Aon (including Radford ) just published data collected from April 7 to 10, 2020. Responses were collected from 44 national and regional carriers that offer medical, prescription drug, dental, and/or vision benefits. Email; Print; CHICAGO, Nov. 11, 2020 /PRNewswire/ -- A global pandemic did what no health expert or innovation has been able to do in decades. Employers to Experience Lower Health Benefit Costs in 2020 Due to COVID-19 Impact, Aon Carrier Survey Finds. U.S. Signing in... First time user? Supporting workforce resilience is a work in progress. Aon's 2019 Global Risk Management Survey dives deeper into the macro factors leading to this decline. The survey also predicts that the pandemic will increase US employer … Let us know how best to reach you and we’ll be in touch shortly. 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