- Tool enables risk managers, brokers and CISOs to better
evaluate cyber risk and maximize insurance value
- Cyber Risk Analyzer is the latest release under Aon Actionable
Analytics, which already includes Property Risk, Casualty Risk,
D&O Risk and Health Risk analyzers
CHICAGO, Nov. 18,
2024 /PRNewswire/ -- Aon plc (NYSE: AON), a leading
global professional services firm, today launched its Cyber Risk
Analyzer, a digital application that allows risk managers to make
data-driven, technology-enabled decisions to mitigate cyber risk.
The tool is the latest in a series of new offerings, which brings
together Aon's data, tools and analytics professionals to support
clients through an evolving risk landscape across sectors.
"As cyber threats continue to grow in frequency, sophistication
and severity, organizations face an array of complex risks—from
ransomware and business interruption to insider threats and data
breaches," said Christian Hoffman,
global specialty and financial products leader for Aon.
"Compounding these risks are increased litigation pressures,
shifting regulatory landscapes, and heightened scrutiny from
shareholders. We designed Aon's Cyber Risk Analyzer to address
these challenges and help clients evaluate and quantify their
enterprise cyber risk, enabling them to make better decisions."
Aon's Cyber Risk Analyzer allows Aon's clients and brokers
unique access to:
- Loss Forecasting: Model detailed loss scenarios faster,
including privacy or data breach and system failure. The analyzer
incorporates Aon's customized proprietary simulation modeling
approach based on internal claims insights, independent research by
Aon's Cyber Risk Consulting team and findings from bespoke cyber
modeling engagements.
- Exposure Assessment: Integrate with other proprietary
Aon tools, including Aon's Cyber Quotient Evaluation platform
(CyQu), to obtain a holistic assessment of a client's exposures and
security controls.
- Total Cost of Risk (TCOR) Analysis: Overlay loss
forecasts with customized insurance options to produce TCOR and
Catastrophic TCOR analyses.
These capabilities enable brokers to provide risk managers,
chief information security officers and corporate leaders a view of
the changing cyber risk environment so they can make informed
decisions around risk transfer versus risk retention on their
balance sheets. Client risk managers will be empowered to deliver
insights on optimal insurance capital allocation decisions to their
boards of directors and corporate officers.
Empowering Clients with Actionable Insights
The launch
of Aon's Cyber Risk Analyzer follows the 2024 debuts of the firm's
Property Risk Analyzer, Casualty Risk Analyzer, D&O Risk
Analyzer and Health Risk Analyzer, that provide exposure
visualizations and model potential losses to help Aon's clients
make better informed decisions about their risk and insurance
options. The analytics tools are designed by Aon's Risk Capital and
Human Capital capabilities in collaboration with Aon Business
Services to provide Aon clients with actionable insights that allow
for greater control over their insurance program
structure.
"Aon's Cyber Risk Analyzer builds on Aon's commitment to
equipping clients with insights that enable data-driven decisions,"
said Joe Peiser, global CEO of
Commercial Risk Solutions for Aon. "As the risk landscape becomes
increasingly complex, our team delivers actionable analytics that
help our clients confidently evaluate risks and insurance
options."
About Aon
Aon plc (NYSE: AON) exists to shape
decisions for the better — to protect and enrich the lives of
people around the world. Through actionable analytic insight,
globally integrated Risk Capital and Human Capital expertise, and
locally relevant solutions, our colleagues provide clients in over
120 countries with the clarity and confidence to make better risk
and people decisions that protect and grow their businesses.
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up-to-date by visiting Aon's newsroom and sign up for news
alerts here.
Media Contact
Robert Elfinger
robert.elfinger@aon.com
+1 312 610 3182
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