Aon CMO Andy Weitz on PGA Sponsorship and Global Risk

The video discusses Aon's involvement with the PGA through the Aon Risk Reward Challenge, highlighting their focus on decision-making, risk management, and volatility. It covers the competition's structure, equal prize money for PGA and LPGA, and Brooks Koepke's win. Aon's global presence, economic insights, and strategy to manage volatility using data analytics are explored. The video also addresses Aon's business performance, diversification, and focus on intangible assets like intellectual property. Finally, it emphasizes finding value in market volatility and supporting clients in navigating economic challenges.

What is the main purpose of the Aon Risk Reward Challenge?

• To showcase Aon's decision-making expertise

• To promote Aon's insurance products

• To increase the prize money for PGA tournaments

• To support local golf clubs

How does Aon use data analytics in its global operations?

• To predict future economic trends

• To improve client outcomes by managing volatility

• To develop new insurance products

• To increase their market share

What is a key focus of Aon's business strategy in response to market changes?

• Developing new offerings for intangible assets

• Increasing investment in traditional assets

• Reducing operational costs

• Expanding into new geographical markets

What challenge does Aon face with the rise of intangible assets?

• Difficulty in modeling and protecting these assets

• Increased competition from other firms

• Lack of client interest in intangible assets

• Regulatory hurdles in different countries

How does Aon view economic volatility?

• As a threat to be avoided

• As an opportunity for growth

• As a minor concern

• As a reason to cut costs