(Reuters) -Insurance brokerage firm Aon beat Wall Street estimates for third-quarter profit on Friday, amid robust demand for its risk-management solutions.

WHY IT’S IMPORTANT

Despite mounting concerns over the macroeconomic uncertainty, spending on insurance has remained resilient.

Businesses and individuals are prioritizing risk-management products, fueling revenue for Aon and peers, as they work with several insurers to give clients wider coverage.

Brokers generate revenue through commissions based on premiums, tying their performance closely to the insurance industry numbers.

BY THE NUMBERS

Adjusted profit attributable to Aon’s shareholders rose to $660 million, or $3.05 per share, for the quarter ended September 30, up from $594 million, or $2.72 per share, a year earlier.

Anal

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