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
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.