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Aon Launches Cyber Risk Analyzer to Mitigate Clients' Cyber Risk Exposure

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Aon has launched its Cyber Risk Analyzer, a digital application enabling risk managers to make data-driven decisions for mitigating cyber risk. The tool provides three key features: Loss Forecasting for modeling detailed loss scenarios, Exposure Assessment integrating with Aon's CyQu platform, and Total Cost of Risk Analysis combining loss forecasts with insurance options. This launch follows Aon's 2024 releases of Property, Casualty, D&O, and Health Risk analyzers, helping clients navigate complex cyber threats including ransomware, business interruption, insider threats, and data breaches.

Aon ha lanciato il suo Cyber Risk Analyzer, un'applicazione digitale che consente ai risk manager di prendere decisioni basate sui dati per mitigare i rischi informatici. Lo strumento offre tre caratteristiche principali: Previsione delle Perdite per modellare scenari dettagliati di perdita, Valutazione dell'Esposizione che si integra con la piattaforma CyQu di Aon, e Analisi del Costo Totale del Rischio che combina le previsioni di perdita con le opzioni assicurative. Questo lancio segue il rilascio da parte di Aon, nel 2024, degli strumenti di analisi per Rischi di Proprietà, Rischi di Responsabilità Civile, D&O e Rischi Sanitari, aiutando i clienti a gestire minacce informatiche complesse, inclusi ransomware, interruzioni aziendali, minacce interne e violazioni dei dati.

Aon ha lanzado su Analizador de Riesgo Cibernético, una aplicación digital que permite a los gestores de riesgos tomar decisiones basadas en datos para mitigar el riesgo cibernético. La herramienta ofrece tres características clave: Pronóstico de Pérdidas para modelar escenarios detallados de pérdidas, Evaluación de Exposición que se integra con la plataforma CyQu de Aon, y Análisis del Costo Total del Riesgo que combina pronósticos de pérdida con opciones de seguro. Este lanzamiento sigue las versiones de 2024 de Aon para los analizadores de riesgos de Propiedad, Responsabilidad Civil, D&O y Riesgos de Salud, ayudando a los clientes a navegar por amenazas cibernéticas complejas, incluyendo ransomware, interrupciones comerciales, amenazas internas y violaciones de datos.

Aon은 위험 관리자가 사이버 위험을 완화하기 위해 데이터 기반의 결정을 내릴 수 있게 해주는 디지털 애플리케이션인 사이버 위험 분석기를 출시했습니다. 이 도구는 세 가지 주요 기능을 제공합니다: 세부 손실 시나리오를 모델링하는 손실 예측, Aon의 CyQu 플랫폼과 통합된 노출 평가, 그리고 손실 예측과 보험 옵션을 결합한 총 위험 비용 분석. 이 런치는 Aon이 2024년에 발표한 재산, 책임, D&O 및 건강 위험 분석기의 출시 이후 이루어졌으며, 고객이 랜섬웨어, 비즈니스 중단, 내부 위협 및 데이터 유출과 같은 복잡한 사이버 위협을 탐색하는 데 도움을 주고 있습니다.

Aon a lancé son Analyseur de Risque Cybernétique, une application numérique permettant aux gestionnaires de risques de prendre des décisions basées sur les données pour atténuer les risques cybernétiques. L'outil offre trois caractéristiques clés : Prévision des Pertes pour modéliser des scénarios de perte détaillés, Évaluation de l'Exposition qui s'intègre à la plateforme CyQu d'Aon, et Analyse du Coût Total du Risque combinant les prévisions de perte avec des options d'assurance. Ce lancement fait suite aux sorties de 2024 d'Aon pour les analyseurs de Risques de Propriété, Responsabilité Civile, D&O et Risques de Santé, aidant les clients à naviguer dans des menaces cybernétiques complexes, y compris les ransomwares, les interruptions d'activité, les menaces internes et les violations de données.

Aon hat seinen Cyber Risk Analyzer eingeführt, eine digitale Anwendung, die es Risikomanagern ermöglicht, datengestützte Entscheidungen zur Minderung von Cyberrisiken zu treffen. Das Tool bietet drei Hauptfunktionen: Verlustprognose zur Modellierung detaillierter Verlustszenarien, Expositionsbewertung, die sich mit Aons CyQu-Plattform integriert, und Analyse der Gesamtkosten des Risikos, die Verlustprognosen mit Versicherungsoptionen kombiniert. Diese Einführung folgt auf die Veröffentlichungen von Aon im Jahr 2024 für die Analysetools für Immobilien-, Haftpflicht-, D&O- und Gesundheitsrisiken, die den Kunden helfen, komplexe Cyberbedrohungen wie Ransomware, Betriebsunterbrechungen, Insider-Bedrohungen und Datenverletzungen zu bewältigen.

Positive
  • Launch of comprehensive cyber risk analysis tool expanding product portfolio
  • Integration capabilities with existing proprietary tools enhancing service offering
  • Development of new revenue stream through digital risk management solutions
Negative
  • None.

Insights

The launch of Aon's Cyber Risk Analyzer represents a significant advancement in cyber risk management technology. The tool's integration of loss forecasting, exposure assessment and Total Cost of Risk analysis addresses critical gaps in the current cyber insurance marketplace. By combining proprietary claims data with simulation modeling, it enables more accurate pricing and risk assessment in an increasingly volatile cyber threat landscape.

The platform's ability to model detailed loss scenarios and integrate with existing security assessment tools (CyQu) provides a comprehensive risk evaluation framework that could reshape how insurers price cyber coverage. This development comes at a important time when cyber insurance premiums are rising and coverage terms are tightening industry-wide. The tool's capabilities in quantifying potential losses and optimizing insurance allocation could significantly impact both insurance pricing dynamics and corporate risk management strategies.

This product launch strengthens Aon's competitive position in the cyber insurance brokerage space, particularly valuable as cyber insurance becomes an increasingly critical component of corporate risk management. The tool's ability to provide sophisticated risk modeling and insurance optimization analysis gives Aon a significant advantage in the highly competitive insurance brokerage market.

The platform's integration with existing Aon analytics tools creates a comprehensive suite of risk management solutions, potentially increasing client retention and cross-selling opportunities. This strategic move could help Aon capture a larger share of the rapidly growing cyber insurance market, estimated to reach $25 billion by 2025. The timing is particularly advantageous given the hardening cyber insurance market and increasing demand for sophisticated risk assessment tools.

  • 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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Media Contact
Robert Elfinger
robert.elfinger@aon.com
+1 312 610 3182

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SOURCE Aon plc

FAQ

What are the main features of Aon's (AON) new Cyber Risk Analyzer?

Aon's Cyber Risk Analyzer offers three main features: Loss Forecasting for modeling loss scenarios, Exposure Assessment integrating with CyQu platform, and Total Cost of Risk Analysis combining loss forecasts with insurance options.

When did Aon (AON) launch its Cyber Risk Analyzer?

Aon launched its Cyber Risk Analyzer on November 18, 2024.

What other risk analyzers has Aon (AON) launched in 2024?

In 2024, Aon launched Property Risk Analyzer, Casualty Risk Analyzer, D&O Risk Analyzer, and Health Risk Analyzer before introducing the Cyber Risk Analyzer.

What types of cyber risks does Aon's (AON) new analyzer address?

The analyzer addresses risks including ransomware, business interruption, insider threats, data breaches, and helps evaluate risks related to litigation pressures and regulatory landscapes.

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