Aon has launched a new suite of risk analyser tools, scheduled to be showcased at the coming RiskWorld conference in San Diego from 5 to 8 May.
The initiative allows brokers in North America to receive exposure data and quantify loss potential, as well as assist risk managers in making better decisions based on the total cost of risk.
Among the products, Aon's Property Risk Analyzer provides exposure visualisations and models potential losses, as well as simulating the effects of different insurance policy options to determine which risks clients should retain or transfer.
According to the firm, the platform delivers a modern analytical approach for clients valuing, aligning, articulating, and ultimately making risk finance decisions.
Joe Peiser, CEO of Commercial Risk at Aon, says: "Aon's risk analysers expand the risk insights that brokers can provide to advise clients.
"They transform the focus beyond just expected loss, allowing risk managers to better communicate the fundamental value that insurance provides. By offering these powerful insights, we are enabling clients to make more-informed decisions regarding their risk management and risk financing strategies."
Other tools that will be introduced at the RiskWorld conference include Casualty Risk Analyzer, Risk Financing Analytics, Health Risk Analyzer, D&O Risk Analyzer and Cyber Risk Analyzer.
Mindy Simon, chief operating officer at Aon, states: "The new tools launched under Aon Actionable Analytics are designed to give clients swift access to analytics and thereby increase control over their insurance programme structure.
"This broker-led technology enables organisations to make data-driven decisions to enhance the value of their insurance. This is just the start of the transformative capabilities Aon will be delivering to serve clients in making better decisions."
