Aon Hewitt announced that it ranked first in three major categories in NelsonHall’s Targeting Benefits Administration market analysis report published last month.
Aon Hewitt ranked number one in terms of revenue in the global benefits administration market, the North America benefits administration market as well as the total Health and Welfare (H&W) administration services market, which includes revenue from H&W administration, reimbursement account administration, leave of absence administration, and COBRA administration.
“Aon Hewitt is proud to be a leader in the benefits administration outsourcing industry, and our long-standing partnership with our clients has enabled us to learn from their needs and expand the scope of our services to better serve them,” said Shauna Cooper, CEO HR Outsourcing, Canada. “With our clients, we have created the industry standard for how a successful HR outsourcing model can produce innovative and sustainable results, and we are honored to be recognized as top provider.”
In addition to those recognitions, Aon Hewitt ranked second in terms of revenue in the global pension/retirement administration market and the flexible benefits administration market.
”With new regulations and compliance requirements, Aon Hewitt is one of a few service providers in the benefits administration market with an extensive portfolio of offerings to meet client needs,” said Amy L. Gurchensky, HR outsourcing research analyst at NelsonHall. “Our research shows that benefits administration offerings are expanding as a result of health care reform and wellness initiatives, and Aon Hewitt is at the forefront with offerings such as its health insurance exchanges and dependent audit services.”
NelsonHall’s Targeting Benefits Administration market analysis consists of a 127 page report that analyzes the changing shape of benefits administration, customer requirements, market size and growth, plus an extensive service provider assessment which includes vendor market shares, offerings, delivery capabilities, the role of technology, vendor targeting, as well as challenges and success factors for service providers.
