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2012 Australian Business Award for Innovation

Aon Australia has been awarded the 2012 Australian Business Award for Innovation for its Risk Maturity Index - in the field of risk management, insurance and consulting.

The award-winning global online tool was designed in partnership with The Wharton School of the University of Pennsylvania. It harnesses the expertise of multiple areas of Aon (including Aon Risk Solutions, Aon Global Risk Consulting and Aon Hewitt), to help risk and finance leaders assess the maturity of their organisation's risk management structure and empower them to implement the necessary improvements.

Data already gathered through the Index has also shown a statistically significant relationship between risk maturity ratings and financial performance; companies with more mature risk frameworks experience improved return on assets and stock performance. Aon expects the Index to evolve into an industry standard and a platform for insight on a global scale.

This is the third year that Aon has received an Australian Business Award for Innovation, having won in 2011 with the safe travel program, Aon WorldAware Solutions, and in 2010 with Aon's Global Risk Insight Platform (Aon GRIPSM), an electronic tool tracking and giving insight on the global insurance market.

Large Broker of the Year Award

Aon Australia has won the Large Broker of the Year Award at the Australian Insurance Industry Awards.

Hosted by the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) and founding partner Asia Insurance Review (AIR), the awards honour achievements within the Australian insurance market.

In winning the Large Broker of the Year Award category, Aon was recognised for its innovative, business-wide approach to responding to market needs and developing and delivering client-focused solutions.

In particular, the judging panel commended the Aon Risk Survey, the Aon Risk Maturity Index, Currency magazine and Aon WorldAware as great examples of ways in which Aon is taking a market-led approach to assisting the business community.

Aon was also recognised for its Client Promise - a global service model that ensures every client gets the best customised risk advice and brokerage services in the industry.

The judging panel also took note of how Aon helped organisations through the natural disasters of 2011 and how it led the way in claims management by adopting a collaborative and holistic approach to assisting clients with claims.



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