Risk Consulting
As the complexity of the current market continues to increase, organisations need to think more broadly and proactively about risk. Aon's extensive global risk management expertise has ideally positioned the firm to advise leading organisations on all issues related to the management and mitigation of risk. We offer a fully integrated range of risk advisory services including risk identification and assessment, risk finance, compliance, actuarial, outsourcing solutions and our Protected Cell facility 'White Rock'.
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Our A&A practice provides a wide range of services to clients in support of risk
management, risk transfer and risk retention decisions, utilising sophisticated modelling
techniques balanced with practical industry experience. Our solutions include:
- Actuarial reserving studies for insurance companies or for captive retention vehicles
- Statements of Actuarial Opinion (SAO)
- Insurance programme design, loss forecasting and pricing
- Capital modelling for insurance and reinsurance companies using Aon Benfield's
award-winning ReMetrica software
In an ever-changing regulatory environment, insurance and reinsurance companies face
an increasing burden to manage the expectations and requirements of the stakeholders.
Our compliance support services include:
- Peer review, feedback and development of Compliance Monitoring programmes;
procedures, policies and controls
- Acting as appointed Compliance Officer or provision of full compliance support
services to the appointed Compliance Officer
- Provision of updates on the latest legislative and regulatory developments
- Development and provision of Compliance training programmes for employees
Aon can provide outsourced support in every area of insurance and reinsurance
management. Aon delivers services to more clients and have access to a greater depth of
resource than any other insurance manager. Ever mindful of current regulations, we
typically provide a suite of support services, including the following:
- Captive & Insurance Management
- Finance, insurance and compliance function support services
- Office space through fully serviced offices
- Risk Management support
ERM services enable your business to link risk management to meeting overall business
objectives. Our ERM specialists can provide you with a practical approach for identifying
and understanding your key risks and optimising your risk profile. The team has a track
record of delivering practical business solutions to managing risk, including:
- Risk assessments for enterprise, planning, supply chain and project management
- Risk detox exercises and Bespoke services for particular risk issues
- Business continuity planning
- Managing business interruption risks
Aon has developed a dedicated run-off & finality team which brings together risk financing
know-how with internal and external experts and insurance capacity dedicated to helping
clients structure deals that extract value, contain loss exposure and save cost. Our
services include:
- Analysis of run-off options
- Accelerated claims closure
- Full business and loss portfolio disposal
- Disposal support, closure plans and run-off management
One recurring theme in the EU currently is the preparation for the new Solvency II regime
in 2013. As companies continue their implementation planning, Aon is providing ongoing
consulting support in the following way:
- Development of robust roadmaps towards implementation
- Completion of Quantitative Impact Studies
- Internal model development
- Pillar 2 Gap Analyses and development of 'System of Governance' documentation
About Aon Global Risk Consulting
With more than 2,000 risk professionals in 50 countries worldwide, Aon's Global Risk
Consulting practice delivers a fully integrated range of risk management solutions
designed to optimize the risk profile of our clients. Our risk consulting professionals
deliver actuarial & analytics, enterprise risk management, forensic accounting and risk
financing solutions. Our risk control, claims and engineering practice provides expertise in
property and casualty risk control, claims consulting, fire protection and energy risk
engineering. Our captive & insurance management experts are widely recognised as the
leading captive manager, with local capabilities in over 30 countries.