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Aboitiz: Thriving Amidst Change

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360º | Aon eSolutions 2 1 regional practice leader for Aon eSolutions. "Working closely with the AEV teams and their Aon consultants, we have created an environment that will support the current insurance process as well as have the ability to extend its scope to integrate risk and control assessments. Risk owners will be able to create a balanced scorecard and monitor their risk improvements and movements." The initial focus of the RiskConsole deployment was the AEV insurance process, which includes the group's business structure, exposed properties and listed assets, as well as renewal-data collection and management of insurable risk improvement recommendations. This large-scale implementation forms an integrated part of the risk-financing strategy, and the insurance market has demonstrated leadership in this space by participating actively in this strategy. SUPPORTING AEV'S RISK MANAGEMENT VISION "Our goal for RiskConsole is to ensure we are not only simplifying our processes and providing risk management information visibility to management, but more importantly, to guarantee that we have a clear insight into ongoing risk improvements and emerging risks," said Susan Valdez, chief reputation and risk management officer. "We are currently rolling out RiskConsole to all our major business units and will have the platform fully operational by March of 2014," said Annacel Natividad, vice president for financial risk management. "RiskConsole will provide a portal to access information by our teams as well as for the markets. Tracking risk improvement actions will be a key part of ensuring we manage our risk within the agreed- upon strategic tolerances." As the next phase of the implementation commences, RiskConsole will be used to create the management dashboards articulated in AEV's risk management strategy. "This is the culmination of our risk information vision," stated Ronaldo Ramos, assistant vice president, business risk management. "It will drive consistency and efficiency in risk assessments as well as integration with insurance data, such as risk-improvement recommendations and follow-up processes." As this story shows, AEV is a unique company committed to risk management excellence. In a rapidly changing Philippine business environment, AEV is a clear leader in integrating corporate resilience with operational execution. Its efforts have not gone unnoticed, as the company is recognized as one of the best-managed companies in the Philippines and is an icon of corporate governance in Asia. The Aon Risk Maturity Index (RMI) is an innovative tool designed to capture and assess an organization's risk management practices and provide participants with immediate feedback in the form of a Risk Maturity Rating, along with comments for improvement. Developed in collaboration with the Wharton School of the University of Pennsylvania, the RMI Index combines the experience and knowledge of Aon Risk Solutions, Aon Global Risk Consulting and Aon Hewitt into an easy-to-understand questionnaire on risk management processes, corporate governance and risk understanding. The RMI helps risk leaders, financial executives and C-suite professionals gain a greater understanding of their organization's enterprise risk management capabilities. For more information, please visit ABOUT THE AON RISK MATURITY INDEX

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