Aon hosts (R)evolution of Risk at the 16th Hazards Conference

Re/insurance products are evolving as governments and NGOs embrace a revolution in how they approach risk through new private sector partnerships

Sydney, 23 September 2019 - Aon (NYSE:AON), the leading global professional services firm providing a broad range of risk, retirement and health solutions, is hosting its 16th biennial Hazards Conference on 24 and 25 September 2019.

Held at the Sheraton Mirage Resort on the Gold Coast, this year’s conference centres on the theme of (R)evolution of Risk and will examine the multi-dimensional nature of risk.

Three hundred delegates will attend Aon’s Conference which will explore the interactions, blurred boundaries and interdependencies between hazards, exposure and vulnerabilities across human, economic, cyber-physical and financial systems.

Chaired by renowned Australian radio and TV personality, mathematician and comedian, Adam Spencer, the Conference will offer six engaging presentations covering a wide range of products including ‘(R)evolution of Risk: the new landscape of opportunity’ and ‘Back to the future: new views on pathogen risk’.

Speaking ahead of the conference, Robert de Souza, CEO Australia and New Zealand at Aon’s Reinsurance Solutions business, said: “The rate of risk exposure to people and assets is increasing much faster than it is decreasing. This is generating a continuing steady rise in disaster-related loss potential and finding solutions and better preparedness for this will be a key focus at the Hazards Conference.  

“Increasing risk driven by factors including urbanisation, environmental change, digitisation, declining trust in financial and regulatory institutions, creates major challenges to the resilience of local, national and global communities. Faced with such challenges, both the private and public sector are charged with exploring viable solutions.”

The two-day Conference will bring together leading industry professionals, and the latest thinking and insights in topics related to risk in the reinsurance industry.  

Day one of the Aon (R)evolution of Risk Hazards Conference will explore the landscape of opportunity, new perspectives on closing protection gaps and views on pathogen risk, as well as real industry perspectives on cyber hacking. Sessions will not only address the role of the insurance industry and natural hazards modelling in closing the protection gap but will explore innovations in public sector risk transfer.

Day two will see industry professionals from Aon, Citibank, QBE Insurance and the Australian Prudential Regulation Authority come together for a panel discussion on the implications and opportunities that climate change presents to the financial industry. The latest insights into trust and resilience in the digital age will also be explored.

“We are seeing an evolution of new products from the insurance and reinsurance industries as governments and non-government organisations embrace a revolution in how they approach risk through new private sector partnerships and solutions,” added Mr De Souza.

Andy Marcell, CEO of Aon’s Reinsurance Solutions business, said: “We are delighted to host yet another dynamic Hazards Conference which will bring together some of the greatest leaders and thinkers across reinsurance, government and academia. We look forward to exploring the new solutions that will protect, build, and finance natural, human and social environments now and into the future.”

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