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 risk.maturity.index@aon.com.
Researchers at Aon and the Wharton School at the University of Pennsylvania conducted analysis of data collected by the Aon Risk Maturity Index Report. Working with annual financial results for more than 100 global publicly-traded companies across more than 25 industries, researchers confirmed that during a two-year period from 2010 to 2012 stock price volatility was 50 percent lower for organizations with high risk maturity ratings than those with lower ratings. Between 2011 and 2012, when markets were marginally down and particularly volatile, organizations with more advanced risk management practices performed significantly stronger. Only organizations with the two highest ratings closed the year with a positive return while lower-rated organizations ended the year with a 17 to 30 percent loss.
Click here to register to access the Report.
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's Enterprise Risk Management capabilities. Questions have been designed to apply across industries and to public and private organizations.
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 risk.maturity.index@aon.com.
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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