The Aon Risk Maturity Index is an innovative tool that is designed to capture and assess an organization’s risk management practices and provide participants with immediate feedback in the form of a Risk Maturity Rating, along with comments for improvement.
The Aon Risk Maturity Index combines the experience and knowledge of Aon Risk Solutions, Aon Global Risk Consulting and Aon Hewitt into an easy-to-understand questionnaire on risk management processes, corporate governance and risk understanding. Questions align with the 10 characteristics of risk maturity:
1. Board Understanding & Commitment to Risk Management
2. Executive Level Risk Management Stewardship
3. Risk Communication
4. Risk Culture: Engagement & Accountability
5. Risk Identification
6. Stakeholder Participation in Risk Management
7. Risk Information & Decision Making Processes
8. Integrating Risk Management & Human Capital Processes
9. Risk Analysis & Quantification to Understand Risk & Demonstrate Value
10.Risk Management Focus on Value Creation
All responses and risk maturity ratings are held confidential; any reports from Aon and Wharton will cite data only in the aggregate. Please note that The Wharton School receives no compensation for its involvement in the Aon Risk Maturity Index.
For more information, please contact your Aon representative or send a request to email@example.com.
If you are a risk, financial or legal executive within your organization, and would like to participate in the Aon Risk Maturity Index to self assess your organization’s approach risk management, you may register to access the “RMI” questionnaire. Please note, participation is restricted to risk, financial and legal professionals.
Aon Global Risk Consulting, the risk consulting business of Aon plc, in collaboration with the Wharton School at the University of Pennsylvania, today released its Aon Risk Maturity Index Insight Report. The Aon Risk Maturity Index Insight Report, October 2014 report reveals four key findings:
|1.||There is an inverse relationship between a higher Risk Maturity Rating and lower stock price volatility, and a direct relationship between a higher Risk Maturity Rating and superior operational financial performance.|
|2.||There is a relationship between a higher Risk Maturity Rating and the relative resilience of an organization’s stock price in the immediate aftermath of significant risk events.|
|3.||There is a correlation between board involvement and risk maturity.|
|4.||There is a direct relationship between risk-based forecasting and planning and firm volatility and earnings predictability.|
Who Should Participate in the Index?
The Risk Maturity Index has been developed for risk leaders, financial executives and C-suite professionals to help them gain a greater understanding of their organization.
What do I Receive for Participating?
Upon completion of the Index questions, you will receive an immediate Risk Maturity Rating as well as comments designed to offer general guidance for enhancing the organization’s level of risk maturity. The Ratings and Comments are provided for free. Aon can provide additional benchmarking reports or capabilities diagnostics for a consulting fee. Index participants will also be eligible to receive summary reports on findings from Aon in the coming months.
How Can I Participate in the Index?
If you are a risk leader, financial executive or C-suite professional within your organization and are interested in participating, please contact your Aon representative or send a request to firstname.lastname@example.org.
To ensure data integrity, Aon retains the right to qualify and approve submissions. If you qualify, you will receive an invitation e-mail within seven business days.
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