Aon's Reinsurance Solutions

As we officially enter the second half of #COP29, the past week of insightful conversations with climate leaders have highlighted a few core themes that underscore both the public and private sector. Here are my three key takeaways: ??Insurability is a prominent factor of all climate transition plans. - Across every panel or conversation I had last week, insurability was a constant theme. While certain industries have different technicalities, input from our industry acts as a litmus test for long-term project feasibility and resilience. To unlock both for-profit and humanitarian funding, we need to create a stronger understanding of the value of insurance. ??Recognizing the need for collaboration and c-suite “buy-in”. - On Thursday, the COP29 Business, Investment and Philanthropy Climate Platform convened over 1,000 leaders to discuss the role of the private sector in the climate transition. This session had an overwhelming acknowledgment that cross-sector partnerships are a nonnegotiable, but the scale of financing is still lacking. Insurance can’t take on the entirety of this risk, so public sector support and collaboration is still crucial to also take on some of the risk ??Insurers’ ability to understand complex risk fills a unique need to unlock the necessary scale of climate finance? - COP28 ended with a goal to triple renewables by 2030, but this cannot be achieved without commitment from the insurance industries. With KPMG I discussed that in order to achieve this clean energy capacity insurance can be the great enabler. The sentiment at #COP29 is that stakeholders are asking insurance to lean in and support the climate transition plans of organizations. Insurance is not just an observer—we have the data, capabilities, and roadmap to answer this call. ?

If you’re an actuarial modeler, we have just one question for you: Do you enjoy the software you’re using right now? Or would you prefer a modern tool that greatly improves your productivity, gives you more control over your processes, and reduces runtimes from hours to seconds? We know what we would choose… Learn more about our high-performance modeling software PathWise… the future being delivered today. https://lnkd.in/exYdPDtp #PathWise #LifeInsurance #risk

Rory Egan from reinsurance joined his colleagues within Risk Capital to discuss cyber insurance protection gap in AI.

Florida flood is the latest addition to Impact Forecasting’s U.S. models, helping state insurers make better decisions around this evolving peril. Meet the Impact Forecasting team at the 2024 Florida Chamber Annual Insurance Summit next week to learn more about the up-to-date view of risk for Hurricane, Severe Convective Storm, Earthquake, Florida Flood, and Storm Surge. And if you’d like to know more about the new Florida Flood model, get in touch with Ashwin Joseph at [email protected], and Will Skinner at [email protected]. #ImpactForecasting #Flood

Is profitable growth one of your business priorities for 2025? Making the right decisions on capital deployment has become increasingly challenging for insurers. To help insurance leaders made confident, data-driven decisions and achieve their growth goals, we’ve created the Growth Decision Framework. To learn more about the framework, read on below.

We are happy to announce that Sandra ?rljung has joined our Aon Reinsurance Solutions Nordic team. Sandra spent the previous 13 years working at Aon in various roles including her latest role for Aon Commercial Risks Solutions as a Senior Client Coordinator, and will join the Aon Reinsurance Solutions team as an Account Manager. ”Sandra is another great addition to the Aon Reinsurance Solutions team and adds additional customer knowledge and client dedication. We are extremely happy Sandra has chosen to join our team and are all excited to get her started and introduce her to our clients.” David McCardie, Head of Facultative Reinsurance – Nordic & Baltic Region #AonReinsurance #AonCareers #AonNordics #LifeatAon

“Aon’s new flood model supports our clients with rate-making and underwriting as they seek to navigate volatility and build resilience in their Florida portfolios.” — David Colbus, regulatory and compliance lead for Impact Forecasting Impact Forecasting has launched their new Florida flood model in collaboration with Fathom which now includes high resolution hazard footprints, probable maximum loss estimates, and many more features. To learn more about the new model, read the press release below or here: https://aon.io/3AWCakj #ImpactForecasting #Flood

As our 2024 Reinsurance Renewals Season draws to a close, you still have a chance to catch up on any panels you may have missed. Head over to our virtual platform by following the link below: https://aon.io/3yC6Eae #RRS24 #RRS24Virtual

Our webinar about the impact and implementation stages of Risk Based Capital (RBC) within India on 14 November saw active participation from over 15 companies. We compared different RBC regimes in APAC, how companies can achieve capital relief, strategic changes and what to expect in the coming months around RBC. The attendees were highly engaged and raised questions such as regimes that India could reference to leverage workings under RBC for IND AS117, and the different ways insurers can solve their capital issues post-RBC. Another pertinent question was what were the broad types of product-related restructuring carried out by Singapore and Hong Kong non-life insurers in light of the Solvency II approach? #RBCIndiaWebinar #Reinsurance #IndAS117

Congratulations to?Khayrul Alam from Capita?who is the fourth and final winner of the darts at the Aon's Reinsurance Solutions booth at?GIRO. Thank you to everyone who participated! #StrategyTechnology