Aon inks deal to help clients with credit risk management challenges

Aon has teamed up with Moody’s to further help clients with credit risk management challenges.

Through the deal, Aon’s teams can refer its clients to Moody’s to identify ways in which credit data and analytics can unlock risk insights.

The two firms hope the collaboration can help enable real-time analysis, faster decision-making and “more robust risk assessments”.

Nicolas Carreño, chief operating officer of credit solutions at Aon, said: “Leading institutions 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.

“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.

“We believe Moody’s is well placed to help support our clients in moving forward on their credit risk management journey.”

Rollout

The rollout of this global referral agreement will start in Europe.

However, the two firms have plans to expand coverage in the future.

Michael Steel, general manager for insurance solutions at Moody’s, said: “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.

“This deep understanding of client’s needs, together with our respected solutions, will help Aon’s clients to consider the use of Moody’s extensive and diverse data sets, made simple and visible by predictive analytics that help to anticipate the effects of emerging threats, identify vulnerabilities, spot and seize opportunities and support lasting competitive advantage.”