It seems insurance giant Aon is setting its sights on an emerging and potentially lucrative market after appointing a national leader to look after residential aged care, retirement villages and the like.
Angela San Diego was named as the firm’s first national practice leader of aged care yesterday morning with Aon saying the appointment would help drive its expanding client portfolio across Australia.
“We are embracing emerging client needs across a broad range of commercial sectors to safeguard against a wide range of risks, from traditional public liability through to newer risks such as cyber and mental health,” said director of industry verticals, Kevin O’Reilly.
“Aon is consistently building its expertise to respond to the growing and future needs of the aged care industry,” he added.
San Diego joins Aon following a 17-year stint at international broker Marsh & McLennan, where she most recently held a senior role also concentrating on aged care.
“As an experienced broker in the aged care and health sectors, Angela will be our new aged care industry practice group leader, tasked with building a truly vertical approach across our aged care business,” said O’Reilly.
Currently, the aged care sector is worth $22.2 billion to the Australian economy with more than 15% of the Australian population aged 65 and over. An expected 8.7 million people will fall into the age category by the year 2056.
“Aged care is an important sector of the Australian economy, but it is also one of the most vulnerable to the risks of cyberattacks, system failures and data breaches,” said Fergus Brooks, national practice leader of cyber risk. “We have seen several cyber breaches in aged care organisations, such as data loss and system outages, and we look forward to working closely with Angela to identify ways to better mitigate these threats.”
Formerly NIBA’s NSW Young Professional Broker of the Year, San Diego said she was excited to be working with “an incredible team” of experts.
“Enabled by industry leading proprietary tools, data and analytics we are able to meet the growing needs of the aged care industry,” she said. “I am thoroughly enjoying collaborating with colleagues nationally in a cohesive approach through our aged care industry practice group.”
