Article written by Aon and published by MOVEMNT
Aon is thrilled to be at MOVE 2024 in London for a second year, supporting mobility organisations on their growth journey.
Innovation in Future Mobility continues to create new and complex risks, and these businesses face the same headwinds as any business in the current macro social and economic climate. In times of uncertainty and volatility, organisations need a professional services firm that can help them to navigate a path to growth.
Aon sees insurance as a gatekeeper for innovation – capital investment won’t flow unless it can be protected, and investors will prioritise organisations that show strength and resiliency to grow and give back a return.
At MOVE 2023, Jillian Slyfield, Chief Innovation Officer (pictured above) at Aon challenged MOVE attendees – “ask more of your broker, and of the insurance industry at large. The insurance value chain must innovate to transform risk into opportunity and unlock value for Future Mobility clients.”
Insurance and Future Mobility might not be front of mind in many eyes, but Slyfield champions that “insurance is a critical qualification for enabling Future Mobility growth and adoption. Future Mobility business models and technologies are creating new risk complexities, but insurance players have historically struggled to keep pace”.
This is where Aon is stepping in and stepping up as an industry leader.
“We see mobility organisations engaging in a costly and inefficient purchasing journey, as insurance players are challenged to understand evolving technology, transform methodologies, and add value,” said Slyfield.
For the many Future Mobility organisations attending MOVE 2024, the story will be about fast-paced growth; the ambition and ability to go from a start-up to scale-up business that can seamlessly move into chosen markets and locations.
Aon’s keynote speaker at MOVE 2024 is Curtis Scott, Executive Vice President, Future Mobility and Digital Economy at Aon. Curtis joined Aon in 2023, previously at Lyft and Uber:
“We find ourselves at a transformative crossroads, where the dynamics of mobility are rapidly evolving. In this era of changing consumer behaviours and technological advancements in mobility assets, the way we perceive and utilise vehicles is undergoing a swift revolution.“Even for traditional car ownership, innovative direct digital sales models are reshaping customer engagement, offering embedded insurance and other services. At MOVE, I’m eager to share Aon’s advancements, highlighting our heightened capabilities, especially our newly acquired mobility analytics platform which empowers our clients to make data driven decisions across their operations,” said Scott.
Aon recently published the 9th edition of it’s Global Risk Management Survey, which asked almost 3,000 business leaders about their biggest risks and how they manage/mitigate them. For mobility businesses, key risks identified include Commodity Pricing/Scarcity of Materials, Supply Chain and Distribution Failures, Talent Wars, and Regulatory and Legislative Changes. Additional to this and key for future mobility businesses is Brand/Reputation and Failure to Innovate.
“The so-called war for talent is far from over,” said Scott, “no matter the segment served we know that attracting and keeping the best talent is a huge issue. Whether it is programme engineering, platform capability or supply of drivers to a platform, competition remains intense. Clients need to be able to differentiate themselves to win talent and create stickiness to keep them when competitors come knocking. That is the power of Aon, to support businesses to develop winning strategies”.
Over the next months, Aon will be exploring in more detail some of the key risks and solutions that future mobility businesses are facing – including discussing what the new UK AV bill means for the mobility ecosystem, the use of data feeding insurance, and valuation and protection of Intellectual Property.
“We see the opportunity for new ways of working with these businesses – using enriched data and insights that exist around every part of the insurance and risk advisory transaction to power analytics enabling new products, new insights and new services, so future mobility companies can scale, wherever they are on their growth journey” concludes Scott.
To meet Aon at MOVE 2024 grab your tickets now here.
For enquiries into speaking, sponsoring, exhibiting, or attending the event please click here.
