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What’s happening: Aon recently released the firm’s 2024 Client Trends Report: Better Decisions in Trade, Technology, Weather and Workforce, which brought together leaders across Aon’s Risk Capital and Human Capital capabilities to reflect on the profound transitions – or megatrends – driving increased volatility and complexity for clients.

• The four client megatrends are Trade, Technology, Weather and Workforce.  
  • Trade is the lifeblood of the global economy. Due to its breadth and scope, the free movement of commerce around the world faces significant, interconnected, challenges
  • Technology developments have helped organizations introduce operational efficiencies, connect workforces and foster growth. Yet, these advancements have also exposed companies to new and evolving risks.
  • Weather events are increasing in frequency and severity, causing significant economic and social impacts. While navigating increasing regulations and geopolitical nuances, businesses need access to enhanced data and analytics, climate modeling and industry collaboration to drive meaningful progress.
  • Workforce challenges — including the inability to attract and retain talent — remains one of the most immediate and impactful risks companies face. Striking the balance in managing costs while maintaining a compelling employee experience is critical to success.
• Eric Andersen, president of Aon, said, “Every day, our clients across every industry and region tell us that it's getting harder to make the right decisions amid the volatility and complexity created by these megatrends.”
• Read more in Emerging Risks, Captive International, Insurance Chat, Insurance Daily News, Insurance Portal and Reinsurance News.