Aon Global Risk Consulting Services

In today’s global environment, business risks are no longer isolated by industry, geography or country. Economic slowdown, regulatory changes, cybercrime, increased competition, damage to reputation, and other critical risks are complex, inter-related and global in consequence.

Aon Global Risk Consulting (AGRC) is the world's leading risk consulting organization. With nearly 1,800 risk professionals in 50 countries worldwide, AGRC consultants have the expertise and experience to recognize and address the unique challenges and opportunities that face out clients.

In close partnership with Aon’s broking team, AGRC provides comprehensive and tailored solutions through a consistent global approach backed by a panel of industry experts. Our risk control, claims and engineering team consist of 600 professionals who support clients globally in the property and casualty risk control arena. Our captive and insurance management practice are widely recognized as the leading captive manager, with local capabilities in over 30 countries.

With the recent acquisition of Dempsey Partners, Aon’s Claims Preparation, Property Claims Advocacy and Valuations staff of 75 experts deliver an unparalleled level of expertise, experience and innovation to clients in the primary service areas of claims advocacy, claims preparation and pre-loss asset and business interruption valuation. In addition to property damage and business interruption, the group’s expertise includes fidelity, fraud, cyber and supply chain. Our services help lower the cost of risk and protect the bottom line as we work cooperatively and diligently to achieve client objectives.

Our Risk Consulting business unit includes leading disciples that include actuarial, business continuity management (BCM), enterprise risk management (ERM), risk management outsource and risk feasibility. Our Actuarial & Analytics (A&A) practice consists of more than 100 consultants including 47 actuaries having Property & Casualty (P&C) credentials. We currently serve over 150 captive insurance companies in over 12 domiciles worldwide. The Aon A&A team publishes six industry-leading loss cost benchmarking reports, which help inform our clients—and the industry as a whole—on the state of the market.

Risk Consulting’s ERM practice developed the Risk Maturity Index in 2011, which is now a standard in the marketplace, enabling organizations to self-assess their firm’s risk management approach. Our BCM team enables clients to build more operationally resilient frameworks and better mitigate risks in the face of significant risk events.

As a key source of innovation in the risk marketplace, AGRC has developed or co-developed several markets- leading tools and services, including the Aon Laser casualty diagnostic to help organization drive down casualty cost of risk, the Risk Maturity Index, an award-winning tool to asses risk maturity and D&O Insight, Risk & Insurance’s Risk Innovator for 2013 honored as a service to model and forecast D&O exposures. The Aon Global Risk Management Survey, published every two years, is a mainstay in the risk landscape, surveying and reporting on the risk industry’s attitudes on risk.

Aon's Captive & Insurance Management team manages approximately 1,450 insurance entities worldwide including captives, protected and incorporated cell facilities, special purpose vehicles and specialist insurance and reinsurance companies.

As a business unit within Aon's Global Risk Consulting group, we leverage the diverse risk consulting expertise required for a successful risk management program. Our consulting and management teams work closely together to create and implement innovative solutions.

AGRC’s consulting expertise is applicable to all areas in our clients’ risk portfolios, with a focus on the following key areas:

• Access to a best-in-class proprietary data management solution
• Asset valuation and business interruption
• Claims prep and advocacy
• Cost-effective asset protection programs
• Cyber risk, fraud and fidelity
• Innovative risk mitigation strategies
• Nat Cat response (Rapid Response)
• Property and business interruption valuations (X-V Analysis®)
• Supply chain and contingent business interruption (CBI)

• Casualty TCOR diagnostics (Aon Laser and Illuminate)
• Cost-effective compliance and loss-cost reduction programs
• Early Claims Identification (ECI)
• Ergonomic consulting and ErgoTracker BBS
• Fleet safety
• Holistic, metric-driven Strategic Improvement Platform (SIP) approach to casualty
• Minimizing the costs from employee injury, third-party liabilities and product liabilities
• Musculoskeletal Claims Validation (MCV)
• Safety training and culture improvement

• Evaluating carriers, third-party administrators, adjuster contracts, and internal processes
• Improving operational efficiencies and cash flow
• Reducing collateral and claims administration costs
• Supporting continuity, resilience goals and a maximum return on insurance investments

• Building code consultation and security
• Consulting services
• Life Safety
• Security system design
• Workplace violence prevention

• Aon Risk Maturity Index risk assessment
• Extracting value from risk investments balancing the needs of internal and external stakeholders
• Managing the impact of volatility on financial performance
• Managing the increasing complexity and interdependency of risk

• Crisis management communications
• Emergency management and response planning
• Risk evaluation control remediation
• Supply chain management techniques

• Access to broader base of risk management expertise
• Dedicated on site services
• Self-insured state filings
• Staffed by risk management professionals
• Transitional and special needs staffing

• Determining cost savings associated with different retentions or deductibles
• Effectively managing your organization’s Total Cost of Risk
• Loss cost benchmarking
• Lowering collateral requirements and letters of credit held by insurance carriers
• Predictive modeling and advanced analytics
• Risk Finance Decision Platform and risk appetite modeling
• Workers comp reserving

• Alternative financing facilities for greater cost-effectiveness
• Cost benefits through economies of scale and geographical efficiencies
• Dynamic financial analysis to fully optimize a captive’s potential
• Knowledge and experience provided by a pool of more than 470 captive management experts

• Crisis management planning
• Loss mitigation consultants