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What is RiskConsole?

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M anage Capture Analyze All in one toolset Workflow tools Unified analytics I nsi gh t D ata Gain total control of your data with Aon RiskConsole Enable all your business operations to enter data directly into one system. Import data from third party agencies/ administrators into the same system. Create workflows that streamline processes, such as claims administration, renewal data collection, invoicing and alerts. Then create interactive reports which allow you to quickly spot correlations and trends in all your data so you can manage and mitigate loss exposures. What is Aon RiskConsole? What is Aon RiskConsole? All in one place Aon RiskConsole helps risk and insurance teams with a wide range of tasks, including: Renewal data collection Incident reporting Claims management Policy management Enterprise Risk Management Premium calculation and allocation Property management Data visualization/Analytics Challenges of managing risk information using traditional methods Traditional methods of turning data into insights presents a number of challenges that can result in under or over insuring, excessive premiums, setting deductible and insurance layers at unsuitable levels, focusing on inconsequential risk mitigation programs, invalid insurance policies and departmental inefficiencies. Spreadsheets In-house systems Third party systems Increased IT reliance and costs to maintain in-house systems, which can be withheld due to other priorities and can result in risk and insurance teams managing information on multiple systems. Inability to access live enterprise-wide data from one location, which can increase the time to implement loss prevention measures and distort your view and understanding of risks and exposures. Labour intensive manual processes, which can prevent the risk and insurance team from spending time improving and reporting on the risk management program and supporting your different business operations. Poor data quality, caused by copying and pasting data from one place to another, re-keying data and manual quality checks. This can also reduce confidence in your submissions. Lack of insights, from which to draw conclusions about your loss exposures and hence where to allocate and focus resources on risk mitigation and your approach to risk transfer and retention. Inadequate security protocols, which can lead to compliance issues, data losses and data being accessed by unauthorised people. 5 t l k V Y 6 r

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