Risk

Aon Actuarial & Analytics

Effective risk management depends on accurate risk quantification. It is impossible to design a sustainable and successful risk management strategy without first identifying, measuring, analyzing and understanding the existing and emerging risks that impact your business.

The accurate linking of risk to price represents the financial integrity of any risk management program. Aon’s actuarial and analytic specialists analyze past experience and evaluate potential losses critical to effectively manage risks. Our consultants evaluate the financial impact of current economic, legal and social trends on future events.

We have strong expertise to provide services including, but not limited to:

  • Loss Reserving and Forecasting
  • Collateral Review and Negotiation
  • Risk Appetite Modeling and Retention Analysis
  • Industry Loss Rate Benchmarking
  • Cyber Modeling
  • Captive Feasibility Studies

Investing in Innovative Analytics Solutions

Risk Finance Decision Platform

Aon’s Risk Finance Decision Platform (RFDP) enables you to clearly identify the optimal risk transfer program and efficiently deploy risk management capital. The platform is an integrated process that links financial & actuarial analysis with insurance market factors and consists of the following steps:

  1. Risk-bearing capacity
  2. Dynamic risk modeling
  3. Risk transfer program design, stress testing, and funding

These steps provide essential decision-making information based on your risk appetite, your ability to manage unexpected losses, and current risk transfer marketplace conditions.

Cost of Risk Allocation (Location and Divisional Experience)

To effectively incent a safe workplace and drive down total cost of risk (TCOR) within the organization, a well-designed Cost of Risk Allocation (CORA) system is tantamount to achieving these objectives. It is important to grasp all the variances in exposure and losses at the individual location level. Our actuaries can develop a CORA that incents and measures risk management effectiveness at the local level, enabling you to accurately recognize and reward locations while obtaining the main objective of driving down TCOR.

D&O Insight

Aon’s award-winning D&O Insight analysis quantifies exposure to loss and evaluates the effectiveness of insurance program structures, and it offers insights in addition to traditional benchmarking. The results help determine the impact of renewal and alternative program structures on:

  • Retained losses
  • Insurance recoveries
  • Losses in excess of insurance coverage
  • Premium value

About Aon Actuarial & Analytics

Aon’s Actuarial & Analytics practice is one of North America’s largest Property & Casualty (P&C) consulting firms, providing actuarial services for more than 20 years. Our Practice consists of more than 100 consultants, including 45 credentialed actuaries. Our international capabilities are matched by our strong local presence that positions us to deliver timely results and meaningful communication to every level of your organization. The A&A team leverages advanced analytics, modeling and quantification expertise, and services our clients through the services described above. Our team also publishes six industry-leading loss cost benchmarking reports which help inform our clients, and the industry as a whole, on the state of the market. These reports can also be individually tailored to help clients see how their experience compares to the competition and help them identify areas where improvements can be made to help optimize their Total Cost of Risk.

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