Ventiv Technology

1 0 | 360º Aon eSolutions FuturePriorities: Feature 2 FuturePriorities: Feature 3 PredictiveAnalytics The term "predictive analytics" is relatively new, but the concept behind it is as old as insurance itself: using data that describe past results to predict future outcomes. Aon eSolutions is currently working with members of the Client Advisory Board to develop a predictive analytics product that will enhance risk mitigation and improve decision making as well as reduce loss ratios and expenses. Another area of study is leveraging predictive analytics to enable automation of as many rudimentary claims tasks as possible, such as correspondence or payments, based on certain criteria. It should be noted, however, that development of a predictive analytics product will also include mechanisms for integrating analysis and judgment from humans, as opposed to abdicating decision making entirely to automation. Mapintegration Geographical mapping of risks—including potential for natural hazard as well as concentration of exposures— can give risk managers another means of presenting and understanding critical risk-related information from multiple viewpoints. With the proliferation of mapping software, including Google Maps and Google Earth, the options for integrating visual mapping into the RiskConsole Business Intelligence tool has become a feasible consideration. RiskConsole's robust BI tool enables clients to access all relevant corporate data sources, regardless of platform or location, and evaluation of geocoding options is in keeping with the Aon eSolutions commitment to continuous improvement of its products and services. Multisourcedata exchange Aon eSolutions is an undisputed market leader when it comes to making our clients' data work for them. We have unsurpassed expertise and have generated real value for our clients by ensuring data quality and consistency. Data quality is critical to maximizing the value of those tools to a company's risk and insurance program, and it is also a key factor in driving better business decisions around the full range of insurance programs, from policy to property to safety, and thus optimizing total cost of risk. Automated data exchange is already among the central offerings from Aon eSolutions, but we are continuing to develop and enhance our data exchange offerings to improve the ways in which our clients access and utilize data from third-party as well as internal sources, whether banks, financial institutions and TPAs or disparate IT systems within the client's organization. FuturePriorities: Feature 4 nolimits: Clinicaltrials Management WithriskConsole Clinicaltrialsrepresent upto45percentofthe costtobringanew pharmaceuticalproductto market,andsincepatents areissuedbeforeadrug goestotrial,thefaster thatpharmaceuticaland lifesciencecompaniescan bringtheirproductsto market,thelongerthey willenjoysoledistribution beforecompetingagainst genericalternatives. Globalcompetition iscreatingincreased pressureoncompanies tomakethedevelopment processmoreefficientand effective.that'swhyAon eSolutionsdevelopedthe Clinicaltrialsmodule forriskConsole:By simplifyingtheissuance ofclinicaltrialinsurance certificatesthrough technology,companiescan bringnewtreatmentsto marketmorequickly,and canenjoymoretimewithin theirpatentperiod. products and services feature

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