Risk Management and Insurance Solutions for Financial Institutions

We understand that Financial Institutions are exposed to evolving, complex, and interconnected risks.

Heightened regulatory and media scrutiny threatens public perception and reputation on a daily basis. Financial institutions are under threat from conduct and culture issues which are posing significant risks to growth in an increasingly competitive and complex market.

The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry and recent APRA and ASIC findings relating to conduct risk, the ever-increasing fear and uncertainty around cyber risk and technology failures, the rising number of litigation-funded class actions, and increased competition from disruptors such as fintechs are all combining to create a perfect storm of internal and external risks for financial institutions.

Aon helps clients navigate this storm by identifying and mitigating these internal and external risks through data & analytics and actionable insights.  Our team of industry experts provide clients with advice to address regulatory changes, develop talent and remuneration strategies, develop risk-oriented leadership teams, create robust cyber solutions, and optimise their risk-based capital requirements so they can invest in the future.

We support a variety of financial institutions including:

• Lending institutions;
• Superannuation funds;
• REITs;
• Fund Managers; and
• Wealth Management & Advisors.
   

How we can help

We take a holistic view of your organisational and people risk exposures. By interrogating your profile of insurable and non-insurable risks, and reviewing past issues and losses, Aon will help you identify, mitigate and transfer risk in the most effective manner. We can  also help you enhance your employee value proposition supporting the attraction and retention of key talent. We help you to win the war on conduct risk so you can focus on your core purpose of outcomes for your members or clients.