Summary
Implications. 1. Asset managers are failing to monitor and control RISK at the highest levels. 2.Intensifying competition among insurers at a time when demand is abating. 3.Risk Management Function is seen as an obstacle to overcome in the ordinary course od doing business. 4. The question , now, arises as to the cost that should be shared by employees! 5.Investment losses are the hidden agenda - outsourcing is not a viable solution!
Analysis
Commentary.
1.Fierce compettion will, eventually, require a knowlegeable work force for survival.
2.Investment losses and slim profits will prompt carriers like Aon to demand higher rates - a temporary fix and may not be a viable Solution.
3.The eventual loss will be in the sector of both client and employee "suffering"!
4.Any attempt to use the economic crisis to raise premiums and deny employee Earned compensation will,ultimately, place Aon and others "at Risk" in a value-added industry!!!!
