Aon's innovation chief "excited" for future with CoverWallet

Global insurance brokerage and professional services firm Aon has officially completed its acquisition of CoverWallet, a US-domiciled digital insurance platform for small and medium-sized enterprises (SMEs). Now finalized, the deal enables Aon to expand its position in the fast-growing commercial insurance market for SMEs. The brokerage giant will also be able to leverage CoverWallet’s technology and data & analytics capabilities to develop and scale innovative digital client experiences that support the Aon United growth strategy. CoverWallet joins the growing portfolio of Aon’s New Ventures Group, which functions as an incubator for growth-stage capabilities focused on delivering new sources of value to Aon’s clients. Moving forward, CoverWallet will go to market as CoverWallet, an Aon company.