Aon will get access to the fast-growing, $200+ billion premium digital insurance market for small and medium-sized businesses
Global insurance company buys a digital insurance platform. Source: shutterstock.com
Aon, a global professional services company providing a broad range of risk, retirement and health solutions, announced it has acquired CoverWallet, the leading digital insurance platform for SMBs. Along with that, the company will leverage CoverWallet’s platform to develop and scale innovative digital client experiences, supporting the firm’s Aon United growth strategy.
CoverWallet will also function as a growth-stage capability focused on delivering new sources of value to clients, expanding Aon’s addressable market. It will apply its data and analytics capabilities, technology, and operational expertise to the broader Aon digital client experience.
At the same time, it will accelerate the growth of CoverWallet’s core business by working with leadership across Aon’s geographies and global solution lines.
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