The executive noted that the level of opportunity in terms of client need was “greater than ever before”, giving Aon the opportunity to deliver value for customers.
Case said risks such as intellectual property, pandemic and cyber were now appreciated more by clients after the events of Covid-19.
“All these long-tail risks that used to be on our horizon are now on your doorstep, and they demand an answer,” the CEO pointed out in a podcast interview produced by Aon.
He added: “What the pandemic has done is fundamentally ratcheted up and increased the level of volatility on top of what we were talking about before in a way that has never been done before.”
Case said the insurance industry was not keeping pace with economic innovation, and that the percentage of risk passed to insurers had declined since the 1990s.
“We are not keeping up with clients on this topic of innovation,” he noted.
“They are evolving faster than we are. We have got to break that trend.”
