– Tool enables risk managers and brokers to assess
corporate executive risks and tailor more impactful insurance
programs
– Joins Aon's Property 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:
- Real-time analytics, which help clients quantify the
likelihood and magnitude of potential D&O losses with
data-driven insights on risk retention, risk transfer and
maximizing the value of insurance. The risk models can be adjusted
in real time based on new client information to provide revised
insights on view of risk.
- Risk exposure and loss models, which provide a
better understanding of exposure to adverse events, from small to
catastrophic impact. Brokers and clients can explore the factors
driving D&O litigation and exposure (including stock
volatility, liquidity issues, disputed mergers and acquisitions and
regulatory matters).
- Stock price drop analysis, which measures how varying
stock drops for clients may result in theoretical D&O loss
based on historical settlement data.
- Total cost of risk (TCOR) visualizations of all client's
potential insurance options, which help clients explore actionable
options to determine value, optimize limits and design the best
potential insurance programs in the market, enabling not only
better decisions but also the ability to best communicate those
decisions.
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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Media Contact
mediainquiries@aon.com
Toll-free (U.S., Canada and Puerto
Rico): +1 833 751 8114
International: +1 312
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SOURCE Aon plc