2 May 2024news

Aon releases risk analysis tools

A new suite of property risk analysis tools designed to help   risk managers make decisions based on total cost of risk has been launched by   global re/insurance broker Aon.

The tool, which Aon says is "just the start" of   a series of data-driven tools, will provide exposure visualisations, model   potential losses and simulate the effect of different insurance policy   options to determine which risks clients should retain or transfer.

Aon's   Property Risk Analyser aims to provide risk managers access to data quality   assessments and modelled results at a location level distinguishing between   natural catastrophe-driven exposure and attritional loss exposure.

It will also offer risk finance options, enabling brokers   to explore programme structures potentially available in the market and performative   testing of insurance structures to measure the total cost of risk of   insurance against other risk transfer solutions.

Joe Peiser, chief executive officer commercial risk, Aon   said: "Aon's Risk Analyzers expand the risk insights that brokers can   provide to advise clients. They transform the focus beyond just expected   loss, allowing risk managers to better communicate the fundamental value that   insurance provides. By offering these powerful insights, we are enabling   clients to make more-informed decisions regarding their risk management and   risk financing strategies.”

Mindy Simon,   chief operating officer, Aon added: "The new tools launched under Aon   Actionable Analytics are designed to give clients swift access to analytics   and thereby increase control over their insurance program structure.

"This   broker-led technology enables organizations to make data-driven decisions to   enhance the value of their insurance. This is just the start of the   transformative capabilities Aon will be delivering to serve clients in making   better decisions.”


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More on this story

Actuarial & underwriting
6 May 2021   Aon has formed an EMEA M&A and transaction solutions advisory board to support the growth and development of Aon’s M&A practice across the UK and EMEA.
news
22 March 2024   New product aims to help clients understand potential climate exposures.
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1 February 2023   The launch is a “significant milestone” in its goal to be the leading cybersecurity and financial lines risk management provider.