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Aon expands Risk Analytics Platform with Underwriting Analytics tool
The new module is intended to help re/insurers evaluate how new business interacts with existing accumulations before deploying capacity.
Aon, an insurance and reinsurance broker and professional services firm, has launched a new capability within its Risk Analytics Platform called Underwriting Analytics, aimed at helping re/insurers assess the impact of future risks before capacity deployment.
According to Aon, the tool is model-agnostic and brings together catastrophe data, vendor models, and Aon insight to support underwriting and reinsurance decisions, explaining how new business would interact with existing accumulations.
Aon said Underwriting Analytics works alongside its Event Analytics and provides clients a connected ecosystem of analytics through a single access point, with further capabilities planned to address digital infrastructure exposures.
As insurers move into the reinsurance renewal season, the broker expects the solution to provide a globally consistent view of risk, combining portfolio context, accumulation insights, and location-level intelligence, including building characteristics and hazard susceptibility, with the module powered by Aon’s Global Hazard Scores and expertise from its Impact Forecasting catastrophe model development team.