The Aon Willis merger is one of the biggest deals to shape the insurance industry in 2020. The merger between two of the most prominent insurance firms creates a company with an estimated value of $ 80 billion, making it the world’s second-biggest insurance broker. The merger is likely to have a far-reaching impact on consumers and businesses, through greater access to superior services and products, as well as increased cost savings.

The combination of Aon and Willis Towers Watson brings together their extensive risk and insurance broking capabilities, client services, data and analytics capabilities, plus their breadth of end-to-end management consulting services. This creates a company with enormous capacity and greater reach, particularly across the U.S., U.K. and Europe. The merger brings together Aon's strength in risk and consulting capabilities with Willis Towers Watson's breadth of data, analytics and technology to create an industry leader unmatched in the global insurance sector.

The merger is expected to generate cost savings of at least $650 million a year, providing the potential for increased returns for investors. The merger promises to enhance client experience by bringing together Willis and Aon’s deep client relationships, global resources and distinctive capabilities, making them better equipped to address the increasingly complex global business risks. The companies can look forward to empowerment through providing clients access to tailored services and expertise needed to make informed risk decisions.

The merger is set to offer consumers and businesses a greater choice of services and products. From digital consumer interface capabilities, to innovative risk management strategies, the combination of Willis and Aon’s strengths will enable the firm to meet to ever-changing client service needs. Clients can expect the combination of better service, improved technology, and broader capabilities to help them make informed decisions.

Overall, the Aon Willis merger offers a unique outlook on the industry’s future. Through greater cost savings, enhanced client experience, and superior service offerings, the merger promises to be a force to be reckoned with in the insurance sector going forward.