CHICAGO, 24 October 2011 - Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corporation (NYSE:AON), launches a new release of ImpactOnDemand® to help insurers with more complex commercial policy structures to visualize exposures, deliver more detailed management reports and enable enhanced portfolio management.
ImpactOnDemand is a highly innovative and versatile platform that allows clients to visualize and quantify their exposures to risk, in addition to performing sophisticated, detailed data analysis to drive insightful business decisions.
ImpactOnDemand assists clients in global individual risk mapping, pre-binding underwriting analysis, risk driver analysis, claims planning and preparedness, post-catastrophe analysis, identifying exposure accumulations around terrorist targets, and a host of other functions.
The new functions, particularly geared at analyzing complex policy structures, include:
• New scaled analysis to quickly identify and evaluate
an insurer's top exposures, with the size of locations in
correlation with their value - such as sums insured,
location of premiums or losses
• Thematic mapping for robust portfolio accumulation
analysis
• Advanced catastrophe management reporting including
trending and model comparison summaries with exposed limit
values and modeled losses
• More interactive and enhanced data analysis within
the base map - Evaluate portfolio exposures by county,
overlay the top 50 exposures and then identify proximity of
portfolio hot spots to hazard risks such as hurricanes with
data from Tropical Storm Risk (TSR).
• Aon Benfield's Cat Score® tool is now integrated to
help U.S. regions implement pricing and underwriting
strategies. Taking advantage of catastrophe model analysis
for a unique portfolio, this tool measures the total cost
of catastrophe risk, including reinsurance margin and cost
of capital, at the customer level prior to binding the
policy.
Stephen Mildenhall, chief executive officer of Aon Benfield Analytics, commented: "ImpactOnDemand has continuously evolved since we launched last year to help global insurers boost understanding of their exposures. Incorporating feedback from our clients, we have enhanced the tool to make it even more effective for complex commercial property structures and to allow more detailed reporting to management. By combining technological innovation with hazard data from academic and industry partners, ImpactOnDemand enables better portfolio management in the face of boards, regulators and rating agencies demanding companies to demonstrate a strong grasp of their exposures."
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About Aon Benfield
Aon Benfield, a division of Aon Corporation (NYSE: AON), is
the world's leading reinsurance intermediary and
full-service capital advisor. We empower our clients to
better understand, manage and transfer risk through
innovative solutions and personalized access to all forms
of global reinsurance capital across treaty, facultative
and capital markets. As a trusted advocate, we deliver
local reach to the world's markets, an unparalleled
investment in innovative analytics, including catastrophe
management, actuarial and rating agency advisory. Through
our professionals' expertise and experience, we advise
clients in making optimal capital choices that will empower
results and improve operational effectiveness for their
business. With more than 80 offices in 50 countries, our
worldwide client base has access to the broadest portfolio
of integrated capital solutions and services. To learn how
Aon Benfield helps empower results, please visit
aonbenfield.com.
About Aon
Aon Corporation (NYSE: AON) is the leading global provider
of risk management services, insurance and reinsurance
brokerage, and human resources solutions and outsourcing.
Through its more than 60,000 colleagues worldwide, Aon
unites to deliver distinctive client value via innovative
and effective risk management and workforce productivity
solutions. Aon's industry-leading global resources and
technical expertise are delivered locally in over 120
countries. Named the world's best broker by Euromoney
magazine's 2008, 2009 and 2010 Insurance Survey, Aon
also ranked highest on Business Insurance's listing of
the world's insurance brokers based on commercial
retail, wholesale, reinsurance and personal lines brokerage
revenues in 2008 and 2009. A.M. Best deemed Aon the number
one insurance broker based on revenues in 2007, 2008 and
2009, and Aon was voted best insurance intermediary
2007-2010, best reinsurance intermediary 2006-2010, best
captives manager 2009-2010, and best employee benefits
consulting firm 2007-2009 by the readers of Business
Insurance. Visit http://www.aon.com for more
information on Aon and http://www.aon.com/manchesterunited
to learn about Aon's global partnership and shirt
sponsorship with Manchester United.
Media contacts
David Bogg
Aon Benfield
t: +44 (0)20 7522 4016
e: david.bogg@aonbenfield.com
Andrew Wragg
Aon Benfield
t: +44 (0)20 7522 8183
e: andrew.wragg@aonbenfield.com
Alexandra Lewis
Aon Benfield
t: +44 (0)20 7882 0541
e: alexandra.lewis@aonbenfield.com