Aon's 2006 Political & Economic Risk Map Warns of Complex Political and Economic Risks, Despite Upgrades
10 Gennaio 2006 - 5:27PM
PR Newswire (US)
Press Events Today in New York, London and Rotterdam Launch Latest
Edition of Risk Map CHICAGO, Jan. 10 /PRNewswire-FirstCall/ --
United States-based companies with business interests abroad will
not be trading in a safer world in 2006 -- according to Aon's
annual global business risk analysis represented in its 2006
Political & Economic Risk Map. Published today by Aon
(NYSE:AOC), a leading insurance broker and risk management
consultant, the map shows that critical sourcing partners and
important supply-chain stress points still remain a serious threat
to the world's global trade economy. (Logo:
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO ) Each
year, Aon Trade Credit evaluates the political and economic risks
for multinational corporations in more than 200 countries. This
year's analysis was developed in partnership with Oxford Analytica
( http://www.oxan.com/ ), an international, independent consulting
firm drawing on more than 1,000 senior faculty members at Oxford
and other major universities and research institutions around the
world. Of the 23 countries upgraded in Aon's 2006 analysis, many
are important in global trading, yet remain dangerous places for
businesses to operate. Two examples of the increasingly complex
world of international political risk are Indonesia and Colombia.
The political and economic risk ratings for both countries have
'improved' from high to medium-high, even though both nations still
present a significant risk to corporations doing business there.
Significant trends for 2006 Political and Economic Risk Map are:
Increased risk in Latin America. The emergence of more left-wing
governments in Latin America is causing concern for foreign
businesses. Companies doing business in Venezuela and Bolivia are
facing higher taxes, revision of contracts and threatened
expropriation of assets. In addition to Bolivia, four other Latin
American countries, Belize, Costa Rica, Guatemala and Nicaragua,
were downgraded on the 2006 map. "Despite upgrades to Colombia and
Brazil, political and economic risk in Latin America is on the rise
just as the region is becoming a more attractive trade and sourcing
partner," said Bryan Squibb, managing director, Aon Trade Credit.
"The Central American Free Trade Agreement (CAFTA) and other
factors have enticed companies to look to Latin America for
investment opportunities such as textile manufacturing. However,
companies looking to do business in the region must be aware of the
potential risks. Failure to implement a risk management strategy
can put companies in dire straits should an overseas asset or
investment become compromised." Supply Chain Risk Index: The Supply
Chain Risk Index rates countries that pose the greatest threat to
U.S. companies' supply chains. Country scores, ranging from one
(best) to five (worst), are based on how risky a country is for
sourcing and how prominently the country figures into U.S. supply
chains. The 2006 Supply Chain Risk Index compares 2006 findings
with those from 2000. "Understanding the nature of supply chain
risk exposures, and where they occur most frequently, is now a
board-level priority," Squibb says. "According to recent studies,
companies' share prices decline by about 10 percent on average
following announcements of supply chain disruptions." Added Sam
Wilkin, senior consultant, Oxford Analytica: "By evaluating Supply
Chain Risk Index scores from 2000 and 2006, companies can identify
trends and develop a risk strategy to limit exposure. Looking at
the five-year comparison, three trends stand out: First and
foremost is the increasing risk of doing business in Venezuela,
which because of its oil reserves has become an important trading
partner; secondly, the 2000/2006 comparison vividly demonstrates
the growing importance of India, Brazil and Nigeria in U.S. supply
chains; and thirdly, China, which continues to be a crucial
sourcing partner, but one that also presents significant risk."
About Aon Aon Corporation ( http://www.aon.com/ ) is a leading
provider of risk management services, insurance and reinsurance
brokerage, human capital and management consulting, and specialty
insurance underwriting. There are 47,000 employees working in Aon's
500 offices in more than 120 countries. Backed by broad resources,
industry knowledge and technical expertise, Aon professionals help
a wide range of clients develop effective risk management and
workforce productivity solutions. About Oxford Analytica Oxford
Analytica ( http://www.oxan.com/ ) provides timely and
authoritative analysis on a daily basis of world developments to
some 45 governments and over 150 major corporations and financial
institutions. For more information, or to request a copy of the
2006 Political and Economic Risk Map, contact: Thaddeus Woosley,
Aon Corporation, 312.381.2446, Al Orendorff, Aon Corporation,
312.381.9153, This press release contains certain statements
related to future results, or states our intentions, beliefs and
expectations or predictions for the future which are
forward-looking statements as that term is defined in the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from either
historical or anticipated results depending on a variety of
factors. Potential factors that could impact results include:
general economic conditions in different countries in which we do
business around the world, changes in global equity and fixed
income markets that could affect the return on invested assets,
fluctuations in exchange and interest rates that could influence
revenue and expense, rating agency actions that could affect our
ability to borrow funds, funding of our various pension plans,
changes in the competitive environment, our ability to implement
restructuring initiatives and other initiatives intended to yield
cost savings, our ability to implement the stock repurchase
program, changes in commercial property and casualty markets and
commercial premium rates that could impact revenues, changes in
revenues and earnings due to the elimination of contingent
commissions, other uncertainties surrounding a new compensation
model, the impact of investigations brought by state attorneys
general, state insurance regulators, federal prosecutors, and
federal regulators, the impact of class actions and individual
lawsuits including client class actions, securities class actions,
derivative actions, and ERISA class actions, the cost of resolution
of other contingent liabilities and loss contingencies, and the
difference in ultimate paid claims in our underwriting companies
from actuarial estimates. Further information concerning the
Company and its business, including factors that potentially could
materially affect the Company's financial results, is contained in
the Company's filings with the Securities and Exchange Commission.
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO
http://photoarchive.ap.org/ DATASOURCE: Aon Corporation CONTACT:
Thaddeus Woosley, +1-312-381-2446, , or Al Orendorff,
+1-312-381-9153, , both of Aon Corporation Web site:
http://www.aon.com/ http://www.oxan.com/
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