Aon plc launched a new suite of risk analyzer tools that allow brokers in North America to exposure data, quantify loss potential and help risk managers make better decisions based on total cost of risk. Aon, a leading global professional services firm, will showcase the new analytic capabilities at the Risk Management Society's (RIMS) RiskWorld conference in San Diego, Calif., beginning May 5. Aon's Property Risk Analyzer is the latest release under Aon Actionable Analytics, which is how the firm brings together its data, tools and analytics professionals to make better decisions. The tool provides exposure visualizations and models potential losses and simulates the effect of different insurance policy options to determine which risks clients should retain or transfer.

Delivering value to U.S. companies with property portfolios across the world, Aon's Property risk Analyzer delivers a modern analytical approach for clients evaluating, aligning, articulating and ultimately making risk finance decisions. Aon's Property RiskAnalyzer allows risk managers quick access to: Data quality assessments, which improve model efficacy and consequently price of risk. Modeled results at a location level distinguishing between natural catastrophe-driven exposure and nutritional loss exposure.

Risk finance options, which allow brokers to explore program structures potentially available in the market across insurance, reinsurance, alternative risk transfer and capital market solutions. Performative testing of insurance structures, which measures the total cost of risk of insurance against other risk transfer solutions. Aon will also showcase existing and forthcoming analytic tools at RIMS including the firm's: Casualty Risk Analyzer, which uses a client's loss and exposure data to evaluate their catastrophic risk potential and optimize their casualty insurance program.

Risk Financing Analytics, which helps organizations optimize the balance between risk tolerance and risk transfer decisions across their entire insurance portfolio. Health Risk Analyzer, which allows organizations to model and assess financial risks associated with high-cost medical plan claimants and explore strategies to budget for, manage and reduce high-cost claim risk. D&O Risk Analyzer, which will test insurance options that help adequately protect directors, officers, and organizations from executive risks.

Cyber Risk Analyzer, which will incorporate insights gained from Aon's Cyber Quotient Evaluation platform to optimize a client's strategy for managing and transferring cyber risk.