Reinsurance Services
Aon's local team comprises the largest and most experienced group of technical reinsurance professionals in Australia and New Zealand. We draw on our local and global analytical capabilities utilising the best in experience, knowledge and modelling resources to provide value to our clients through the reinsurance services we provide.
Actuarial & Analytical Assessment
We perform a range of actuarial services including detailed loss forecasting, cost allocations, pricing analysis, cash flow analysis and other types of financial modelling. Using our award-winning and proprietary financial modelling tool ReMetrica, we can provide an evaluation of the whole spectrum of risk financing – whether at the business unit, line of business, company or group level.
Catastrophe Modelling
Aon's extensive catastrophe loss modelling capabilities and experience allow you to make more informed decisions regarding retentions, limits, and efficient reinsurance pricing. With a wide range of analytical tools, proprietary models and reporting systems at our disposal, we can help you effectively manage risks stemming from natural and man-made disasters.
In addition to available vendor models we also have our own multi-peril platform ‘Impact Forecasting’ to provide an additional view of catastrophic risk in Australia – with a particular emphasis on the ‘other perils’ of flood, bushfire, storm and hail.
Our capabilities in this respect enable us to deliver these benefits for our clients:
- catastrophe modelling to determine required whole of portfolio catastrophe limit
- modelling insight and analysis to assist with development of retention-setting strategy and APRA’s ICRC Horizontal Requirements, and
- cost-effective catastrophe cover by leveraging our detailed knowledge of the models in negotiations with reinsurers on our clients’ behalf.