Aon Launches Profitable Growth Tool to Guide Insurers Towards Best In Class Performance
The new diagnostic tool, developed by
The Profitable Growth Tool allows clients to self-assess across these key performance categories and provides actionable feedback to help them navigate market cycles and improve performance to achieve their desired objectives and market position.
Insurers rank themselves on a scale of one to five for seven pivotal performance categories. Their industry position is benchmarked within
The Profitable Growth Tool focuses on the seven common traits identified by
- Risk appetite - clarity on risk tolerance, well-defined risk appetite and corresponding portfolio.
- Speed and agility - fast to enter and expand in new markets; secure first-mover advantages and sustainable results.
- Data and analytics - advanced data and analytics, utilizing third party sources and investment in next generation technology solutions.
- Underwriting - implement innovative underwriting techniques that enhance risk selection and decision-making through augmentation and automation.
- Talent - unite top underwriting, claims and actuarial talent with a common goal; build a workforce that comprises experts from within and beyond the re/insurance industry.
- Distribution - effective distribution, guiding underwriters to opportunities, helping brokers and clients through challenging renewals and setting clear expectations early.
- Capital - analytics-driven strategies that flex between available sources of capital in response to market conditions.
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