Reducing an organisation’s property total cost of risk (TCOR) is fundamental to its operational resiliency and financial bottom line. Aon Property Laser is a unique property and business interruption risk management methodology that incorporates leading-edge diagnostic and analytical tools to quantify risk exposure. By identifying and analysing key property performance indicators, Aon Property Laser helps organisations to improve their risk profile, while also making the insurance policy work more effectively should a loss occur. Our property experts benchmark pre-loss and post-loss risk management practices, activities and results, to help assess and optimise an organisation’s property risk profile.

1. Risk. Reinsurance. Human Resources.
Contacts
About Aon
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colleagues worldwide, Aon unites to empower
results for clients in over 120 countries via innovative
and effective risk and people solutions and through
industry-leading global resources and technical
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www.aon.co.uk
Richard Waterer
Managing Director EMEA,
Risk Control and Engineering
Aon Global Risk Consulting
+44 (0)20 7086 3263
richard.waterer@aon.co.uk
Chris Kerr
Principal Consultant,
Risk Control & Engineering
Aon Global Risk Consulting
+44 (0)20 7086 1033
chris.kerr1@aon.co.uk
Joe Galusha
Group Managing Director,
Risk Control & Claims
Aon Global Risk Consulting
+1 248 936 5215
joe.galusha@aon.com
Risk. Reinsurance. Human Resources.
Aon Risk Solutions
Aon Property Laser
The Value that Property Risk Consulting Drives in Managing Total Cost of Risk

2. Aon Property Laser:
An Innovative Approach
to Property Total Cost of
Risk Management
Reducing an organisation’s property total cost of risk
(TCOR) is fundamental to its operational resiliency and
financial bottom line. Aon Property Laser is a unique
property and business interruption risk management
methodology that incorporates leading-edge diagnostic
and analytical tools to quantify risk exposure. By
identifying and analysing key property performance
indicators, Aon Property Laser helps organisations
to improve their risk profile, while also making the
insurance policy work more effectively should a loss
occur. Our property experts benchmark pre-loss and
post-loss risk management practices, activities and
results, to help assess and optimise an organisation’s
property risk profile.
What is Aon Property Laser?
• An advanced approach to understanding an
organisation’s pre- and post- loss property profile
using analytics and industry benchmarking
• A tool that integrates the combined expertise of
Aon’s property risk network, from broking, to risk
consulting, to catastrophe modelling, engineering
and claims management
Benefits
• Identifies and prioritises risk mitigation opportunities
• Identifies and helps to prioritise areas for improvement
in an organisation’s property programme
• Potential to deliver a quantified impact using a
multi-disciplinary and integrated approach to risk
Risk Profile
From an underwriter’s perspective, a
client’s risk profile is a key consideration in
determining pricing, terms and capacity.
In addition to recent and historical loss
experience and industry sector, a risk profile
typically includes property geography,
values, structure, and catastrophe risk
exposure. The risk profile also considers
a firm’s implementation of sound risk
management practices, such as fire safety,
updated and regularly exercised business
continuity plans, and supply chain resiliency.
Measures aimed at strengthening an
organisation’s risk profile can potentially lead
to more effective negotiations with insurers,
and a lower overall cost of risk.
Prevention and Engineering
Risk leaders can potentially manage, mitigate
and minimise loss exposures, ranging from
damage or destruction of owned physical
assets and those of suppliers, to business
interruption or curtailment from a variety of
perils. For businesses and suppliers that operate
in catastrophe-prone regions or that have limited
water supplies to address fire risks, property
risk control and engineering services can help
to elevate a company’s capabilities to meet
global standards.
Supply Chain
For many businesses, even a temporary outage of a
critical supplier, can have devastating consequences
that extend beyond short-term revenue loss,
including reputation damage and deterioration
of market share. Given the strategic significance
of global supply networks, businesses need to
direct adequate resources to maintain their supply
chains and protect the value they deliver. Solutions
ranging from enterprise risk management to actuarial
capabilities can help organisations pinpoint how
and where value is generated, quantify potential
vulnerabilities, and focus resources where they will
deliver maximum protection; as well as assess or
determine the adequacy of business interruption (BI)
and contingent BI insurance coverages.
Business Continuity Management
An impactful exposure for any business is the
disruption or curtailment of critical operations.
Besides the obvious loss of revenue, is the
potential for prolonged or permanent loss of
market share, reputational damage, and departure
of key employees. Effective business continuity
management calls for identifying vulnerabilities,
calculating maximum foreseeable loss, and
developing plans that focus resources on critical
operations.
Loss History
Property insurance programmes consider
5- and 10-year loss experience. Many
property underwriters consider loss
history, including both frequency and
severity, to be a significant factor in
rating a client’s insurance programme.
Therefore, there is a direct correlation
with an insured’s loss experience and its
property total cost of risk. By analysing
geographic locations and vulnerability
to natural hazards, industry-specific
exposures, supply chain, construction and
business continuity planning, businesses
have the potential to reduce their
exposure to loss going forward.
Values (Asset Valuation)
The ability to provide precise values of
properties to underwriters is critical. This not
only ensures proper recovery in the event
of a loss, but helps to optimise the property
insurance purchase. Similarly, businesses need
concise analyses of the critical functions and
operations contributing to their revenue streams
for accurate assessments of potential business
interruption exposures. Regardless of the size
or scope of the operation, organisations need
to ensure that their property, and business
interruption values are accurate and current,
as well as distinguish replacement values from
market values for physical assets.
Business Continuity Management
Supply Chain
Global Rapid Response
Asset Valuation
Business Interruption
Property Claims Advocacy
Complex Claim Preparation Presentation
Aon X-V Analysis®
Property Risk Control Engineering
Insurance Recovery
Whenever a business sustains a loss – whether it
involves damage to an individual facility, or a major
catastrophe that causes supply chain outages
or destruction of multiple properties – effective
insurance recovery requires a fast and often
comprehensive response from claim professionals.
The ability to achieve a timely and complete
insurance recovery is a critical element of a
company’s TCOR. Therefore, businesses should
take steps in advance of any loss events to review
their protection, and position themselves to
maximise recoveries should a loss occur.
Aon PropertyConsulting Services That Help Manage Total Cost of Risk
Retention
Policy
Terms
Structure
Limits
Sublimits
Insurer
Stability
Values
Loss
History
Risk
Profile
Prevention
Engineering
Business
Continuity
Supply
Chain
Insurance
Recovery
Pricing
CAT
Exposure
Aon
Property
LaserTM
PropertyRis
k
Consulting Areas of Focus