Additionally, the companies say that being able to better address client demands is at the forefront of the merger. By working together, Aon and Willis Towers Watson want to focus on innovative solutions and improve their data analytics, likely by leveraging technologies like AI and automation.
Consolidation within the financial industry is accelerating, and we think Aon and Willis Towers Watson are in a good position to successfully merge, given their history. A number of financial institutions have recently announced mergers: Morgan Stanley is in the process of The increased consolidation is likely spurred by heightened competition as fintechs establish themselves, as well as growing consumer for digital-first offerings.
That said, Willis Towers Watson itself stems from the merger between Willis Group Holdings and Towers Watson in 2016, giving the company a good track record of navigating big consolidations., Business Insider Intelligence's expert product suite tailored for today's decision-makers in the financial services industry, delivered to your inbox 6x a week. >>
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