Aon Risk Solutions, the global risk management business of Aon plc, has formed the Aon Risk Solutions’ Risk Pooling Practice, providing property, casualty and employee benefits pooling products for private and public sector organizations that make group purchasing decisions. The Risk Pooling Practice will address issues such as pool administration and optimal risk transfer products in an ever tightening budget environment.
“Risk pooling is an increasingly important strategy to help clients achieve long-term continuity,” said Tom Fitzgerald, CEO of Aon Risk Solutions’ U.S. Retail operations. “We are investing to build a team to help clients in making informed decisions.”
Aon Risk Solutions’ Risk Pooling Practice will deliver cost-effective risk options to meet the financial, operational and regulatory needs of government agencies, higher education institutions, professional groups, industry associations, public and private authorities, school districts and religious institutions. Types of groups that can benefit from Aon Risk Solutions’ Risk Pooling Practice include consortiums, reciprocals, trusts, associations, compacts and joint powers.
Additionally, the practice will offer proprietary data analysis to identify the risks affecting each pool, measure operational efficiency, and further the development of pool-specific insurance coverage through Aon eSolutions, Aon’s technology products business.