Ventiv Technology

1 6 | 360º Aon eSolutions Product One: Data Conversion & Consolidation Making the right decisions about where to invest for profitable revenue growth is a critical challenge facing many insurance carriers. Although many carriers possess ample capacity and infrastructure to develop new products and take them to market, for many carriers the data available is not up to the task of identifying the segments of a specific market with the greatest potential for profit. ADDRESSING DISPARATE DATA SOURCES All too often, crucial data is distributed across multiple departmental and legacy systems or even isolated within Excel spreadsheets. As a result, many carriers lack the ability to analyze existing risk effectively (including loss ratios); compare it to industry standards; determine the need for new products; and package them for profitable revenue growth. DELIVERING ACTIONABLE, TIMELY INFORMATION Data conversion and consolidation services from Aon eSolutions help organizations drive better business decisions by delivering the right data at the right time to the right staff. Aon eSolutions gives organizations the tools to consolidate and convert disparate data into actionable information—information that empowers staff at the departmental level to better appreciate and achieve corporate strategic objectives. INTEGRATING INFORMATION TO GAIN A COMPETITIVE EDGE With data conversion and consolidation services from Aon eSolutions, carriers gain a competitive edge by integrating the data residing in multiple internal and external sources such as human resources systems; financial applications medical bill review systems; Third Party Administrator systems; and even departmentally controlled Excel spreadsheets. By integrating information on property, safety, incidents, claims and policies, carriers are able to execute market analyses that are complete, on target and ultimately drive profitable business decisions. The premium allocation puzzle is not always easy to assemble. You may have all the pieces of information, but often they are not centrally located or you may not be able to see historical information easily for a comprehensive overview. Spreadsheets and allocation formulas are often inadequate when analyzing large volumes of data and making complex allocations that determine, in a transparent manner, the fair share of premium dollars each business unit is to pay. Those are the reasons that Aon eSolutions has developed the Premium Allocation module for RiskConsole. The module allows risk information collected within other RiskConsole modules, along with claims experience and other factors (for example, type of operation or business risk assessment score) to be used in the allocation process. Using the tool, an organization can accurately and consistently drive risk management by utilizing a risk- weighted allocation methodology that drives premium invoicing within the organization while also helping in division-level budgeting cycles. Providing an objective and HELPING CARRIERS DRIVE PROFITABLE REVENUE GROWTH Data Conversion and Consolidation Services From Aon eSolutions PUTTING THE PIECES TOGETHER FOR ACCURATE PREMIUM ALLOCATION The RiskConsole Premium Allocation Module A FOCUSED LOOK: 3 KEY PRODUCTS Product Two: Premium Allocation Module ANALYSIS MADE EASY Aon eSolutions prides itself on giving users the easiest possible process to access, manage and analyze data, offering: » Ease of integration into existing IT frameworks. » Detailed queries and business intelligence reports allow for individual or cross-client benchmarking. » Easily accessed policy and transactional data for actuarial and underwriting reporting. » Accessibility from anywhere with an Internet connection. » Add notifications to adjusters, account managers and others from either the user interface or database configuration. » Seamless application upgrades. » A consolidated view of disparate data sources saves time combining spreadsheets, improves efficiency and reduces chances of error.

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