Companies could save 15%, broker claims

Aon Global Risk Consulting has launched its Risk Financing Decision Platform (RFDP) in Europe to help companies save up to 15% and justify risk financing programmes to their boards.

It will help them decide how much risk to retain and how much to transfer to the insurance markets by seeing how the cost of risk could be split with cost/benefit analysis for each insurance option.

“We’ve used the platform for more than 50 clients in the US and, on average, by linking actuarial modelling to company financials and the risk transfer marketplace, we’re seeing them save between 515% on their total cost of risk,” said Martin Massey, head of business development at Aon Global Risk Consulting.