19/08/2024 | Press release | Distributed by Public on 19/08/2024 12:01
- Tool enables risk managers and brokers to assess corporate executive risks and tailor more impactful insurance programs
- Joins Aon'sProperty Risk and Casualty Risk analyzers in a growing suite of analytics tools for clients
DUBLIN, Aug. 19, 2024/PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, today unveiled its Directors and Officers (D&O) Risk Analyzer, a digital application that allows risk managers of U.S.-listed public companies to make data-driven, technology-enabled decisions to mitigate executive risks facing their directors, officers and businesses. The tool is the latest release in a suite of new offerings that use data and analytics to deliver differentiated insights that help clients make better decisions in an evolving risk landscape.
"Rising litigation and defense costs, equity market volatility and shifting regulatory frameworks have added complexity for corporate officer risks," said Timothy Fletcher, CEO of Aon's financial services group. "It is more important than ever for risk managers to assess D&O liability and the role of insurance in protecting public officers and board directors. Our D&O Risk Analyzer, together with Aon's brokers, provide a holistic analysis of the D&O risk landscape, helping clients make better decisions."
Aon's D&O Risk Analyzer provides clients and brokers quick access to:
These features enable real-time loss forecasting to iterate and quantify D&O risk exposures and loss scenarios, allowing discussions between risk managers and brokers about the extent of potential risk, elevating the focus beyond expected loss and empowering risk managers to better covey risk retention and risk transfer options to the C-suite.
Empowering Clients with Actionable Insights
The launch of Aon's D&O Risk Analyzer follows the 2024 debuts of the firm's Property Risk Analyzer and Casualty Risk Analyzer, which provide exposure visualizations and model potential losses to help Aon clients make informed decisions about their risk and insurance options. Aon will unveil additional risk analyzer tools in the coming months to provide data-driven insights on key risks. All Aon analytics tools are designed by Aon's Risk Capital and Human Capital capabilities in collaboration with Aon Business Services to provide Aon clients with actionable insights that allow for greater control over their insurance program structure.
"Aon's D&O Risk Analyzer exemplifies our firm's commitment to serve clients as they make data-informed decisions," said Joe Peiser, global CEO of Commercial Risk Solutions for Aon. "As the risk landscape grows more complex, we will continue to provide actionable analytics solutions that enable our clients to confidently assess risks and insurance offerings."
About Aon
Aon plc (NYSE: AON) exists to shape decisions for the better - to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses.
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