Aon eSolutions Releases ERM Risk Register
25 Aprile 2008 - 8:00PM
PR Newswire (US)
RiskConsole module provides companies with immediate view of
enterprise risk; ERM solution debuts at RIMS Conference, Booth
#1037 CHICAGO, April 25 /PRNewswire-FirstCall/ -- Aon eSolutions,
the client technology arm of Aon Corporation (NYSE:AOC) and a
leading provider of global risk and insurance solutions, today
announced it has released ERM Risk Register, a new module within
RiskConsole, its market-leading, browser-based risk management
information system (RMIS). ERM Risk Register will provide
organizations with the ability to manage enterprise risk. (Logo:
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) Awareness
of the need for robust enterprise risk management (ERM) programs is
on the rise but, as Aon reported in its recent global enterprise
risk management report, many companies have struggled in their
efforts to implement these programs. Although companies have begun
to perform risk assessments, a key challenge is effectively being
able to process, analyze and act on the consolidated results,
commonly referred to as the "risk register." In the past,
organizations utilized a spreadsheet-based tracking and management
process, but standalone documents made it difficult to ensure the
availability and timeliness of information across an organization.
"ERM Risk Register offers an advanced technology platform to
alleviate these challenges," said Kathleen Burns, chief executive
officer of Aon eSolutions. "The system not only provides
organizations with a centralized data repository to input
enterprise risk information, but also enables companies to compare
results against risk tolerance, develop action plans to address
critical risk areas, delegate action items to staff, and create
performance indicators that lead to ERM success." The ERM Risk
Register is developed on the same award-winning platform as
RiskConsole, but is also available as a stand-alone solution. With
its browser-based platform, the system can easily be accessed and
utilized enterprise wide. Key features and benefits include: --
Categorization of risk. Companies can track and analyze risks by
various segments -- such as business units or multiple risk
categories. -- Description of risk. By describing each risk in
terms of likelihood and impact, organizations can more effectively
target and control critical risk areas. -- Quantification of risk.
Utilizing a matrix scoring system, organizations can quantify and
prioritize risks. -- Audit and track risk. With full auditing and
tracking capabilities, ERM Risk Register enables organizations to
analyze how risk changes over time. -- Track losses arising from
risk. When losses occur, they can be related to and tracked against
a company's defined risk categories. -- Full reporting
capabilities. ERM Risk Register provides multiple ways to analyze
and act on risks, including heat maps, risk profiles, and top 10
risk areas. Aon eSolutions will debut ERM Risk Register at the Risk
& Insurance Management Society's (RIMS) conference held at the
San Diego Convention Center, April 28 - 30, 2008, where risk
management professionals can obtain one-on-one product
demonstrations at the company's booth, #1037. "Managing a company's
enterprise risk is a rapidly expanding area of risk management,"
added Phillip Lucas, director of global product management at Aon
eSolutions. "Today, risk managers are demanding a sophisticated,
scaleable, and flexible solution, yet they don't want to invest in
a full blown ERM system. ERM Risk Register offers a powerful
alternative. It's highly customizable and can be tailored to meet
any client's unique business and ERM needs." About Aon Aon
eSolutions is the client technology solutions arm of Aon
Corporation. We provide innovative products, services and solutions
to meet the diverse and varied needs of risk and insurance
professionals. Our best-in-class systems-iVOS, RiskConsole,
AonLine, and SafetyLogic-provide an unparalleled and integrated
risk and insurance technology suite. This award-winning technology
streamlines business processes and optimizes resources through a
personalized and configurable approach and has resulted in
measurable value for our clients. For more information on Aon
eSolutions, log onto http://www.aon-esolutions.com/. Aon
Corporation (NYSE:AOC) is the leading global provider of risk
management services, insurance and reinsurance brokerage, human
capital and management consulting. Through its 36,000 colleagues
worldwide, Aon readily delivers distinctive client value via
innovative and effective risk management and workforce productivity
solutions. Our industry-leading global resources, technical
expertise and industry knowledge are delivered locally through more
than 500 offices in more than 120 countries. Aon was named the
world's "best broker" by Euromoney magazine's 2008 Insurance
Survey. Aon also was ranked by A.M. Best as the number one global
insurance brokerage in 2007 based on brokerage revenues, and voted
best insurance intermediary, best reinsurance intermediary, and
best employee benefits consulting firm in 2007 by the readers of
Business Insurance. For more information on Aon, log onto
http://www.aon.com/ Media Contact: Tammy Delatorre 661-775-0550
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO
http://photoarchive.ap.org/ DATASOURCE: Aon CONTACT: Tammy
Delatorre of Aon Corporation, +1-661-775-0550, Web site:
http://www.aon.com/
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