Aon is bolstering its credit risk management offering through a collaboration with Moody’s.

Under the new agreement, Aon’s Credit Solutions teams will refer its clients to Moody’s to identify ways in which data and analytics tools can unlock credit risk insights.

Nicolas Carreño, chief operating officer, Credit Solutions at Aon, said organisations are increasingly implementing advanced analytics, machine learning and artificial intelligence to predict credit events, streamline counterparty client assessments, and monitor evolving risk profiles.

“This has become an effective way to gain a deeper understanding of portfolio risk in light of emerging threats,” he commented. “The depth of our conversations with clients on these matters means that we can identify key areas where credit risk management would benefit from advanced analytics.”

Michael Steel, general manager, Moody’s Insurance Solutions, added: “Aon’s Credit Solutions is a world-renowned risk advisor, and its expertise and guidance for clients are highly valued as it continually drives for better risk management outcomes.”

While the rollout of this referral agreement starts in Europe, the two organisations have ambitions to expand the programme globally.

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