Aon has launched an enhanced event analytics platform designed to provide integrated hazard, exposure and loss data via a single interface. The solution is intended to support re/insurers’ catastrophe response before, during, and after an event, with capabilities including real-time loss estimates from Impact Forecasting’s automated event response service, advanced mapping tools to visualize event footprints, and customised reports tailored to stakeholder needs.

It also allows insurers to recast historical natural catastrophes – such as major hurricane incidents – to assess how they would impact today’s portfolios. Aon said that this strategic approach aims to drive better reserving decisions, improve claims efficiency, and enhance the customer experience around catastrophe events.

Data from Aon found that only 54% of insurers currently use catastrophe models to guide event response despite significant advancements in analytics. Dan Hartung, global head of event response for risk capital at Aon, said: “Insurers are under pressure to make decisions with speed and precision, but fragmented data sources often slow down decision-making.

“Aon’s event analytics platform is designed to support re/insurers through all phases of global catastrophes, helping them to quantify and respond to the effects of high-impact events. It delivers actionable insights that enable insurers to triage losses, mobilise resources, and communicate effectively with stakeholders all in near real-time.”

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