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8 March 2024 Risk Management

Aon buys AI-powered digital MGA in London

Global broking giant has acquired the technology assets and intellectual property of a London-based digital managing general agent to strengthen the firm's commercial fleet proposition. 

Aon said the new capability will enable it to provide clients with a real-time view into commercial fleet performance, allowing for better decisions to reduce accidents and lower the total cost of risk. While managing overall risk and insurance costs, the artificial-intelligence powered platform provides actionable insights based on driver, vehicle and contextual data to help both traditional and sharing economy fleets. 

The company explained that it is expanding the reach of its analytics, insights and technology to launch a comprehensive risk analytics suite aimed at delivering personalised data-driven insights at the portfolio, fleet and driver level.

"It is more important than ever for our fleet and mobility clients to have access to data-driven insights and tools that inform their risk and business strategies," said Jillian Slyfield, chief innovation officer at Aon. "Today's announcement is a testament to our ongoing investment in technology to build innovative offerings that address evolving client needs." 

Curtis Scott, executive vice president of future mobility and digital economy at Aon, added: "Fleet and mobility business models require data-driven insights and tailored risk transfer options to unlock their full potential. Today's announcement accelerates our progress toward delivering differentiated value by marrying client, carrier and environmental data to help our clients better understand their fleets and drive growth and performance."

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20 December 2023   The target brings $2.2bn in 2023 revenues to Aon with 14% top-line run rate growth.