Aon unveils data-driven pricing platform to drive efficiency

Global re/insurance broker  Aon has launched a data-driven pricing platform that aims to provide insurers greater efficiency with a competitive advantage through better risk selection and advanced analytics.

The new software solution, launched by Aon’s Strategy and Technology Group, allows insurers to develop tailored workflows for underwriting all classes of commercial insurance and reinsurance business.

James Gillespie, Aon’s Strategy and Technology Group head of pricing, said: “Accurate technical pricing is key to insurers’ operational performance and profitability, informing better decisions in an environment of macroeconomic volatility and subdued investment returns. It is vital not only for business planning, but also in ensuring the front-line implementation of an insurer’s business plan.”

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