What is the product?

Using a data and analytics approach, Aon can help companies remain attractive to investors while meeting their regulatory requirements. This product offers an holistic and actionable view of the physical and transition risks poised to disrupt businesses and impact the financial health of an organisation. This covers:

  1. Climate and Sustainability Risk and Opportunity Identification

  2. Physical and Transition Risk Quantification

  3. Alternative Risk Transfer

  4. Risk Mitigation and Claim Preparation

  5. TCFD Disclosures

How does it support green outcomes?

Insurance renewals are demanding ESG transparency. With ESG playing an increasingly important role in the reinsurance market, it’s more important now for organisations to have clear and transparent targets during renewals. Being able to show a plan for improvement will help facilitate the renewal process.

There are some areas where traditional coverage addresses ESG ‘ event-based’ incidents like pollution, public and product liability, directors and officers, and health insurance. But it’s understandable that organisations might need support and advice to mitigate and manage the new risks that ESG presents.

At Aon, we believe that many of the trend-based risks that are emerging within ESG are areas where more creative solutions are needed to satisfy both unmet needs, as well as plugging a growing protection gap with risks like climate change, community impacts, and business transparency and resilience. Companies need to showcase their ESG credentials to secure both future investments in their businesses as well as competitive risk transfer options on their traditional risks.

How does it enable customers today?

Climate Modelling: Quantification of risk around climate, using climate models to quantify the financial impact of both physical and transition hazards.

Risk Mitigation: Bespoke risk mitigation strategies to protect assets from protecting physical assets to supporting a M&A strategy, with the ultimate vision of supporting the journey towards a resilient and sustainable future.