Aon and Moody’s Insurance Solutions have broadened their partnership to develop named-peril products addressing complex liability risk across the insurance value chain.
Aon has announced an expansion of its partnership with Moody’s Insurance Solutions, extending their collaboration from casualty reinsurance into commercial risk.
The re/insurance broker said its move aims to reduce latency and accumulation risk while enabling more targeted risk transfer and product development for emerging risks such as climate casualty and social inflation.
Amanda Lyons (pictured), global product leader for reinsurance solutions at Aon, said the joint approach is reshaping how casualty products are structured.
“Traditional casualty clash solutions have struggled to provide capital-efficient coverage,” said Lyons.
“Our collaboration with Moody’s is now creating products that better reflect exposures and offer more attractive pricing for both commercial risk and reinsurance.
“This helps businesses make better decisions and supports reinsurance clients and original buyers in confidently pursuing growth strategies.”
The expansion builds on an earlier phase of collaboration focused on casualty reinsurance, combining Moody’s technology – capable of identifying and modelling more than 300 emerging risk perils – with Aon’s access to global capital markets.
Together, the firms aim to offer casualty products that support the allocation of capital to risk in a more efficient and precise manner.
This includes offering excess casualty named-peril products that can help mitigate uncertainties related to exclusions, policy limits, and disputes over coverage.
Robert Reville, head of casualty market development at Moody’s, said the extended partnership is a response to systemic pressures facing the liability market.
“The increasingly volatile liability environment challenges the entire value chain of insurance – from the original buyers to their insurers and reinsurers,” said Reville.
“In this environment, we expect named-peril products to lead to the emergence of a casualty catastrophe market.
“We are delighted to work with Aon to drive such innovation in the re/insurance market.”
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