Aon Consulting Selects Host Analytics to Offer Pensions and Benefits Financial Reporting and Budgeting to Its Multinational Clients - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Advertise
    • Contact
    • Editorial Staff
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
February 18, 2010 Newswires
Share
Share
Tweet
Email

Aon Consulting Selects Host Analytics to Offer Pensions and Benefits Financial Reporting and Budgeting to Its Multinational Clients

REDWOOD CITY, CA -- (MARKET WIRE) -- 02/18/10 -- Host Analytics, the leading provider of cloud-based corporate performance management (CPM) solutions, today announced that Aon Consulting, the global human capital consulting organization of Aon Corporation (NYSE: AON), is deploying the Host Analytics Budget solution as part of the pensions and benefits funding process for its multinational clients. An enterprise-class financial planning system, Host Analytics Budget was selected after a comprehensive review of financial reporting applications.

"The partnership with Host Analytics will give our clients much greater visibility and control over the pension liabilities in their financial statements, specifically around short and medium term budgeting and scenario testing," said Oliver Rowlands, who is Aon Consulting's Head of Retirement for EMEA. "This advance compared to the traditional method of conducting accounting consolidation will also enable companies to look at de-risking strategies in real time. Further, the time spent by companies in pulling together their financial statements will be considerably reduced."

Prior to deploying Host Analytics Budget, Aon Consulting was using a custom-built application for pension and benefit planning and reporting. The move to Host Analytics Budget was motivated by the desire to provide clients with a "best-of-breed" consolidation and planning tool that still offers the flexibility of their in-house solution, but now with increased performance and functionality. In particular, actuaries can create forecasts up to five years in the future. Likewise, Host Analytics Budget's ability to execute sophisticated "what-if" analysis means Aon Consulting can help clients to implement risk management strategies.

Further, the Host Analytics solution leverages an Excel-like interface, so clients can easily load data to generate reports and analyze financial exposures, thus giving them greater control over their financial risk. Within the Host Analytics tool, Aon will be developing customized templates to provide the financial reporting required under various accounting standards, such as IFRS and USGAAP. Finally, Host Analytics will continually maintain and upgrade the application and Aon Consulting will continually update their specific templates with changes in accounting standards and client needs, thereby ensuring the system retains its competitive advantage.

About Aon Corporation

Aon Corporation (NYSE: AON) is the leading global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting. Through its more than 36,000 colleagues worldwide, Aon readily delivers distinctive client value via innovative and effective risk management and workforce productivity solutions. Aon's industry-leading global resources and technical expertise are delivered locally through more than 500 offices in more than 120 countries. Named the world's best broker by Euromoney magazine's 2008 and 2009 Insurance Survey, Aon also ranked highest on Business Insurance's listing of the world's largest insurance brokers based on commercial retail, wholesale, reinsurance and personal lines brokerage revenues in 2008 and 2009. A.M. Best deemed Aon the number one insurance broker based on brokerage revenues in 2007, 2008, and 2009, and Aon was voted best insurance intermediary, best reinsurance intermediary and best employee benefits consulting firm in 2007, 2008 and 2009 by the readers of Business Insurance. For more information on Aon, log onto http://www.aon.com.

About Aon Consulting

Aon Consulting is among the top global human capital consulting firms, with 2008 revenues of $1.358 billion and more than 6,300 professionals in 229 offices worldwide. Aon Consulting works with organizations to improve business performance and shape the workplace of the future through employee benefits, talent management and rewards strategies and solutions. Aon Consulting was named the best employee benefit consulting firm by the readers of Business Insurance magazine in 2006, 2007, 2008 and 2009. For more information on Aon, please visit www.aon.mediaroom.com.

About Host Analytics

Host Analytics helps executives see the full implications of decisions -- both risk and reward. Our leading on-demand corporate performance management (CPM) solution helps financial executives improve budgeting, forecasting, financial consolidations, dashboarding, scorecarding, reporting and analysis. Most importantly, it helps drive fact-based decisions based on sound financial justification. Host Analytics delivers its product suite using Software as a Service (SaaS) on-demand delivery to increase security while reducing cost and deployment time. Founded in 2000, Host Analytics serves enterprise, large, and midsize companies across industries. Host Analytics was included in JMP Securities' prestigious "Hot 100: The Best Privately Held Software Companies" and was the recipient of the Best of SaaS Showplace Award from market research firm THINKstrategies.

© 2010 Host Analytics Incorporated. All rights reserved. All trademarks are the property of their respective owners.

Media Contact: Kevin Wolf Host Analytics 650-327-1641 Email Contact  

Advisor News

  • Flexibility is the future of employee financial wellness benefits
  • Bill aims to boost access to work retirement plans for millions of Americans
  • A new era of advisor support for caregiving
  • Millennial Dilemma: Home ownership or retirement security?
  • How OBBBA is a once-in-a-career window
More Advisor News

Annuity News

  • 2025 Top 5 Annuity Stories: Lawsuits, layoffs and Brighthouse sale rumors
  • An Application for the Trademark “DYNAMIC RETIREMENT MANAGER” Has Been Filed by Great-West Life & Annuity Insurance Company: Great-West Life & Annuity Insurance Company
  • Product understanding will drive the future of insurance
  • Prudential launches FlexGuard 2.0 RILA
  • Lincoln Financial Introduces First Capital Group ETF Strategy for Fixed Indexed Annuities
More Annuity News

Health/Employee Benefits News

  • FAILURE TO EXTEND ACA PREMIUM SUBSIDIES COULD LEAD TO DEVASTATING CONSEQUENCES
  • Tuesday is a big deadline for Mass Health Connector plans — and not all subsidies are going away
  • Health insurance spike will hit 2026 farm budgets, farmers say
  • With no deal in sight, health care costs will rise in 2026. Here’s how that will affect one Lehigh Valley family
  • Repubs and Dems pitch competing plans to tackle affordability
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Private placement securities continue to be attractive to insurers
  • Inszone Insurance Services Expands Benefits Department in Michigan with Acquisition of Voyage Benefits, LLC
  • Affordability pressures are reshaping pricing, products and strategy for 2026
  • How the life insurance industry can reach the social media generations
  • Judge rules against loosening receivership over Greg Lindberg finances
More Life Insurance News

- Presented By -

Top Read Stories

  • How the life insurance industry can reach the social media generations
More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Slow Me the Money
Slow down RMDs … and RMD taxes … with a QLAC. Click to learn how.

ICMG 2026: 3 Days to Transform Your Business
Speed Networking, deal-making, and insights that spark real growth — all in Miami.

Your trusted annuity partner.
Knighthead Life provides dependable annuities that help your clients retire with confidence.

Press Releases

  • Two industry finance experts join National Life Group amid accelerated growth
  • National Life Group Announces Leadership Transition at Equity Services, Inc.
  • SandStone Insurance Partners Welcomes Industry Veteran, Rhonda Waskie, as Senior Account Executive
  • Springline Advisory Announces Partnership With Software And Consulting Firm Actuarial Resources Corporation
  • Insuraviews Closes New Funding Round Led by Idea Fund to Scale Market Intelligence Platform
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Advertise
  • Contact
  • Editorial Staff
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2025 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet