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Business Insurance Magazine Recognizes Aon With Innovation Awards for Aon Global Risk Insight Platform and FAConnect

02/15/2010
CHICAGO, Feb 15, 2010 /PRNewswire via COMTEX/ -- Aon Corporation (NYSE: AON), the leading global provider of risk services and human capital consulting, today announced its Aon Risk Services and Aon Benfield businesses have earned Innovation Awards from Business Insurance magazine. Recognized were two technology solutions: Aon Risk Services' Aon Global Risk Insight Platform(R) and Aon Benfield's FAConnect(SM).

(Logo: http://www.newscom.com/cgi-bin/prnh/20041215/CGW049LOGO)

"Aon's businesses are united in innovation, and we are honored that Business Insurance's panel of risk managers recognized the value these solutions bring to our clients," said Greg Case, president and CEO of Aon.

"Aon GRIP is an impressive tool whose name aptly describes its capabilities: it's a system that provides in-depth insights into risk patterns and trends around the globe. Armed with such insights, risk managers can make informed decisions about how to structure their risk management programs," said Business Insurance Editor Regis Coccia.

With Aon GRIP, risk managers are offered a new set of facts never before captured in the insurance industry. Tracking annual placements of more than $54 billion in premium, this web-based proprietary platform enables Aon Risk Services' brokers to deliver unparalleled market insights to clients. Real-time information based on carrier quoting activity pre-binding helps guide risk managers in their pre-renewal strategies.

"Aon Benfield's FAConnect takes the field of facultative reinsurance and makes that form of capital accessible to risk managers in ways that simply were not available previously," Coccia added.

FAConnect brings the broker marketplace to clients' computer desktops, allowing them to quote and bind their unique facultative risks in less than five minutes through a straightforward user interface. The facultative broking platform is designed for high-volume transactions and provides a choice of global markets, where frictional costs have traditionally made it uneconomical for intermediaries to participate in the sector.

"Business Insurance seeks to promote innovation in the commercial insurance industry, and the recipients of the inaugural Innovation Awards are companies that lead the way in serving risk managers," stated Coccia.

The Innovation Awards are a new program developed by Business Insurance magazine to recognize innovation and leadership in products, services and technologies designed for professional risk managers. An independent panel of risk manager judges scored entries on criteria comprising originality, creativity, problem solving, execution of the concept and achieved results.

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About Business Insurance

Business Insurance is an international publication serving the news and information needs of executives in risk management, employee benefits and commercial insurance through a weekly print magazine, daily online at www.BusinessInsurance.com and through live events, including the Risk Management Summit and Innovation Awards. Business Insurance, a Crain Communications Inc. publication, has been published continuously since 1967. For more information on the Business Insurance Innovation Awards, please visit: http://www.businessinsurance.com/InnovationAwards.

About Aon

Aon Corporation (NYSE: AON) is the leading global provider of risk management services, insurance and reinsurance brokerage, and human capital consulting. Through its more than 36,000 colleagues worldwide, Aon delivers distinctive client value via innovative and effective risk management and workforce productivity solutions. Aon's industry-leading global resources and technical expertise are delivered locally through more than 500 offices in more than 120 countries. Named the world's best broker by Euromoney magazine's 2008 and 2009 Insurance Survey, Aon also ranked highest on Business Insurance's listing of the world's largest insurance brokers based on commercial retail, wholesale, reinsurance and personal lines brokerage revenues in 2008 and 2009. A.M. Best deemed Aon the number one insurance broker based on brokerage revenues in 2007, 2008 and 2009, and Aon was voted best insurance intermediary, best reinsurance intermediary and best employee benefits consulting firm in 2007, 2008 and 2009 by the readers of Business Insurance. For more information on Aon, log onto http://www.aon.com.

 Media Contact Kelly Drinkwine 312.381.2684 kelly_drinkwine@aon.com 

SOURCE Aon Corporation

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