Aon Plc (AON)

Competitors to Aon Plc (AON)

Berkshire Hathaway Insurance 

Berkshire Hathaway's insurance segment competes with Aon Plc primarily as an insurance provider rather than a broker, influencing the market dynamics significantly. With its immense resources and financial strength, Berkshire provides unique advantages in underwriting and pricing capabilities that challenge Aon’s brokering services. While not a direct competitor in terms of brokerage, the competitive nature comes from Berkshire offering clients alternatives to traditional insurance brokerage services, making it a formidable player in the overall insurance landscape.

Lockton Companies

Lockton Companies is an independent insurance brokerage that competes with Aon Plc by offering personalized service, client-focused solutions, and a more agile approach to risk management. Unlike larger firms, Lockton's model emphasizes local expertise and direct client relationships, which can provide an edge in tailoring solutions to specific business needs. While it may not have the same global reach as Aon, Lockton's flexibility and customer-centric approach help it maintain a strong presence in the market.

Marsh & McLennan Companies, Inc. 

Marsh & McLennan and Aon Plc both operate in the insurance brokerage and risk management sectors, offering a range of services that include risk assessment, insurance brokering, and consulting. They compete for large corporate clients by leveraging industry expertise, technology integration, and comprehensive service offerings. Marsh & McLennan, with its diversified portfolio that includes the well-known brokerage firm Marsh and the consulting firm Oliver Wyman, presents strong competition through its breadth of service and expertise across various industries.

Willis Towers Watson

Willis Towers Watson (WTW) and Aon Plc are direct competitors in the insurance and risk management space, each vying for a share of the corporate clientele. Both firms emphasize leveraging data analytics and technology to improve client outcomes in areas such as employee benefits and risk management. WTW often differentiates itself through its strong focus on human capital solutions and employee benefits consulting, making it a significant challenger to Aon, particularly within the HR consulting domain.