Innovative Aon Technology to Deliver Real-time Insights to Clients and Global Markets
28 Maggio 2009 - 5:22PM
PR Newswire (US)
Platform will identify best placement option regardless of size,
industry, coverage line or geography CHICAGO, May 28
/PRNewswire-FirstCall/ -- Building on its client-focused approach
to doing business, Aon Risk Services, the commercial retail
brokerage unit of Aon Corporation (NYSE:AOC) and the leading
provider of global risk management, today announced the launch of
the Aon Client Promise and Global Risk Insight Platform in 16
countries around the world. (Logo:
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO) The Aon
Client Promise is a set of 10 differentiators identified by clients
as key qualities desired in a broker and risk consultant. It is
anchored by GRIP, a real-time electronic platform that tracks all
of Aon's placements globally, from submission to quotes and
binding. "GRIP is the most profound technology solution in the risk
management industry and will enable Aon to work with clients and
markets in a very distinctive way," said Steve McGill, chairman and
CEO of Aon Risk Services. "The possession of high-quality,
world-class analytics is a new dynamic, and this trend will
accelerate in the broking sector. Today, a client has important
needs across the world of risk and our focus is on providing
solutions such as GRIP to reduce their total cost. "For the first
time, brokers and their clients will be able to see in real time at
what prices and with what coverages and limits carriers in all
major insurance markets are quoting and binding business by class
or territory. Aon will be providing clients with a unique vantage
point from which to make informed strategic marketing and insurance
buying decisions." In the U.S. alone, 4,000 trades on average are
captured by the system each week. As of today, GRIP is live in 16
countries, resulting in the tool's population in excess of 100,000
trades and $14 billion in premium to date. Aon Risk Services is
able to determine how its premium placement flows at any moment -
by stage, product, carrier and industry. Analytics of the GRIP
application are provided centrally through Aon's Centre of
Innovation and Analytics, based in Dublin, Ireland. The innovative
technology of GRIP empowers Aon to harness the power of the market
insight that accompanies the firm's placement of more than $54
billion in premiums on an annual basis. As a result, Aon is
best-positioned to optimize an organization's total cost of risk
based on risk insights and innovative solutions. Ted Devine,
president of Aon Risk Services, stated: "To remain as the leader,
we must help our clients and colleagues perform better. By
leveraging our data into an unmatched innovative technology
offering, GRIP will help us identify the carrier that best fits
each of our client's needs and requirements." Global rollout of
GRIP, as of 28 May 2009: USA, Canada, Mexico, Brazil, UK,
Netherlands, Belgium, Spain, France, Italy, Ireland, Sweden,
Australia, New Zealand, Hong Kong, Singapore Editor's note:
Screenshot of GRIP and headshots of Mr. McGill and Mr. Devine
available upon request. About Aon Aon Corporation (NYSE:AOC) is the
leading global provider of risk management services, insurance and
reinsurance brokerage, and human capital consulting. Through its
more than 37,000 colleagues worldwide, Aon readily delivers
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 through more than 500 offices in more than 120
countries. Named the world's best broker by Euromoney magazine's
2008 and 2009 Insurance Survey, Aon also ranked highest on Business
Insurance's listing of the world's largest insurance brokers based
on commercial retail, wholesale, reinsurance and personal lines
brokerage revenues in 2008. A.M. Best deemed Aon the number one
insurance broker based on brokerage revenues in 2007 and 2008, and
Aon was voted best insurance intermediary, best reinsurance
intermediary and best employee benefits consulting firm in 2007 and
2008 by the readers of Business Insurance. For more information on
Aon, log onto http://www.aon.com/. Media Contact: Kelly Drinkwine,
312.381.2684 or
http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO
http://photoarchive.ap.org/ DATASOURCE: Aon Corporation CONTACT:
Kelly Drinkwine of Aon Corporation, +1-312-381-2684, Web Site:
http://www.aon.com/
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