Analyzing historical experience and trends and evaluating potential losses are critical tools in the on-going, effective management of risk. Aon’s actuarial risk assessment specialists evaluate the financial impact of current economic, legal and social trends and use these insights to help you design sound strategies for your business.
Risk Financing (RF) is a process to determine the strategy achieving the optimal balance between retaining and transferring risk within an organisation. It also addresses the financial management of retained risk. We also advise on regulatory, solvency and governance procedures for both a corporate and (re)insurance client base. Our Solution types include programme optimisation analysis, captive insurance companies, cell companies (PCCs and ICCs) and alternative risk transfer.
Enterprise Risk Management (ERM) is a process effected by an entity's Board of Directors, management and other personnel, applied in strategy setting and across the enterprise, designed to identify potential events that may affect the entity and to manage risk to be within its risk appetite and to provide reasonable assurance regarding the achievement of entity objectives. ERM is sometimes known as holistic risk management.