Aon has expanded its collaboration with Moody’s Insurance Solutions to enhance product innovation in the casualty re/insurance sector and reduce latency and accumulation risk.
The strategic partnership will now move beyond casualty reinsurance and into commercial risk.
The expanded collaboration will focus on delivering insights into climate casualty and emerging risks, providing risk mitigation strategies and developing excess casualty named-peril products targeted at commercial insurance buyers.
Moody’s Insurance Solutions brings to the table advanced technological capabilities through its Casualty unit, which is able to identify and model over 300 emerging risk perils.
This is combined with Aon’s extensive global network, encompassing both traditional and alternative capital sectors.
The synergy between the two firms aims to enable a more effective capital allocation to risk, enhancing casualty portfolio management for Aon’s clients.
Aon is a well-established player in the professional services sector, specialising in a broad range of services such as risk management, reinsurance, and human capital consulting. Moody’s Insurance Solutions, a subsidiary of Moody’s Corporation, focuses on leveraging data analytics and technology to help insurers and reinsurers better understand and mitigate risk.
This partnership seeks to address challenges caused by shifting market dynamics including social inflation and litigation finance.
The development of named-peril products is a key outcome, intended to enhance risk transfer efficiency, reduce exclusions and coverage disputes, and promote sustainable insurance premium growth.
The collaboration is positioned to lead the emergence of a casualty catastrophe market, providing clients with better coverage and more clarity at pricing that reflects real exposure levels. This initiative supports businesses aiming to pursue growth with confidence in their insurance structures.
Aon global product leader for Reinsurance Solutions Amanda Lyons said, “Traditional casualty clash solutions have struggled to provide capital-efficient coverage. Our collaboration with Moody’s is now creating products that better reflect exposures and offer more attractive pricing for both commercial risk and reinsurance. This helps businesses make better decisions and supports reinsurance clients and original buyers in confidently pursuing growth strategies.”
Moody’s head of casualty market development Robert Reville said, “The increasingly volatile liability environment challenges the entire value chain of insurance – from the original buyers to their insurers and reinsurers. In this environment, we expect named-peril products to lead to the emergence of a casualty catastrophe market. We are delighted to work with Aon to drive such innovation in the re/insurance market.”
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