Cases Explore the world of Geo-information

Niels Bourgonjen

NatCat centre of expertise: Aon offers customers integrated risk management services

About Aon

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.

For which requirement would this be the solution?

  • How does GIS help Aon to promote itself in the market as the leading advisor in the field of natural hazards and location-related knowledge?
  • How do we create a NatCat environment that is location driven, so that this environment supports analyses and reports in an efficient and high-quality manner?
  • How does Aon convert results (the NatCat analysis results and reports) to a dashboard to enable risk management that is as integrated as possible?

Unique attributes of the solution

  • 50% time savings through geo-coding, analysing and automatic reporting.
  • Cost reduction as a result of time savings.
  • Improved quality of geo-coding, worldwide and regional analyses and reports.
  • Improved services for the end customer: limit the risk of interruption of business, make premium structures and decision processes more transparent (now and in the future), facilitate optimisation.

How does it work?

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.

What are the benefits?

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.