As one of the largest financial and insurance service providers in the world, Aon holds a lot of data and knowledge in relation to risk management. In order to be able to maintain visibility into this large amount of data, Geodan has helped Aon to set up a new NatCat environment (Natural Catastrophe). This enables Aon to quantify the risks of natural disasters.
Within the NatCat environment, Aon first of all geocodes the relevant customer sites. Global natural hazard data is then ready to be added to this (for example: flood risk, earthquake risk, tornadoes, tsunamis, tropical storms, rainfall, wild fires, nuclear plants). All of the internal (customer) and external data will then undergo automatic analysis by Geodan for all relevant customer sites. NatCat Accumulated Analysis, Green Field Analysis and a NatCat Quick Scan form part of the standard analyses. The results of the analyses are automatically reported. These reports outline individual and accumulated risks and provide a transparent and high-quality summary of the insured values. In addition, the results of the analyses are used as input for Aon’s risk management dashboard.
By combining all relevant NatCat data from various sources within one application, both insight and an overview are created in an extremely efficient manner. This adds to Aon’s distinctiveness, as the leading advisor in the field of natural hazards, risk management and location-related services. Not only are the NatCat analyses and reports highly accurate, they also form a valuable addition to other risk management dashboard elements. They enable Aon to provide its customers with state of the art services: an integrated risk management approach in which Aon acts as advisor.