Aon | Professional Services Practice
Enterprise Risk Management
Helping professional service firms build resilience
Risk management commentary is characterized by words such as complexity and ambiguity.
This view has been confirmed over the last few years as the pandemic, geopolitical conditions and the resulting economic disruption have produced known and yet unknown consequences.
Is traditional risk identification therefore too narrow? Does it miss important threats?
Enterprise Risk Management offers a comprehensive response to this uncertainty and allows organizations to build future resilience.
The Professional Services Practice at Aon explores Enterprise Risk Management and Professional Service firms in a series of articles.
January 2025 - The risk management community is considering the threats posed by new and emerging risks. One potential solution being discussed is deploying captive underwriting capacity.
November 2024 - It was a great privilege to attend and participate in “A World in Disarray?”, Swiss Re’s 15th Conference for Large Accounting Firms held in October 2024. Here are some personal thoughts that were inspired by the dialogue and that appear relevant to the worlds of uncertainty, risk, an...
October 2024 - The Professional Services Practice at Aon’s Keith Tracey uses Aon’s Business Decision Maker Survey to further discuss Megatrends and how professional service firms can extend their approach to risk management to help their organizations adapt.
June 2024 - The Professional Services Practice at Aon’s Keith Tracey discusses the Aon 2024 Client Trends Report, its relevance to professional service firms and some possible responses.
January 2024 - As 2024 begins, the Professional Services Practice’s Keith Tracey reflects on the upheavals of 2023 and solutions that may be useful in the current professional service firm risk environment.
August 2023 - Our previous article discussed the skills required of a Chief Risk Officer (CRO) at a professional service firm. Much of the broader discussion of the role’s required qualities focuses on the commonly attributed qualities of leadership.
July 2023 - Our Enterprise Risk Management (ERM) series has emphasized the connection between resilience and risk management. The recent evolution in the risk landscape has suggested that the Chief Risk Officer (CRO) role is a valuable tool for professional service firms.
June 2023 - Enterprise risk management is important to professional service firms in building resilience. However, even firms with well-established and monitored risk controls will experience losses. This article will examine some reasons these losses are occurring.
March 2023 - Professional Service firms performed well during the past three difficult years, demonstrating resilience. What are the lessons for enterprise risk management from this performance?
December 2022 - It was a great privilege to attend Swiss Re’s 14th Conference for Large Accounting Firms in October 2022, where many of the major risk trends facing the world today were discussed. Here are some takeaways from the event.
November 2022 - Enterprise Risk Management (ERM) is an organization wide framework employing a range of resources with full executive participation and support. Commonly used adjectives to describe the approach are structured, continuous, and consistent. It avoids internal silos and looks at the ful...