Powered by CoverWallet, Partner Risk Insights aims to simplify the insurance certification process for businesses and their networks of third-party partners. This innovative tool is poised to revolutionize how U.S. clients navigate and mitigate risks associated with their extended networks.
The launch of Partner Risk Insights underscores Aon’s commitment to leveraging technology to enhance risk management practices. By digitizing and streamlining the certification process, the platform empowers businesses to efficiently manage third-party risks, ensuring compliance and bolstering resilience in an ever-evolving landscape.
With Partner Risk Insights, U.S. organisations can expect a smoother, more streamlined approach to assessing and mitigating insurance-related risks across their networks. This advancement marks a significant step forward in the realm of third-party risk management, offering clients enhanced efficiency and peace of mind in navigating complex insurance requirements.
Aon’s collaboration with CoverWallet underscores a strategic commitment to innovation and client-centric solutions. By harnessing the power of digital platforms, Aon continues to lead the industry in providing cutting-edge risk management services tailored to the evolving needs of modern businesses.
“We are incredibly excited to launch this digital platform as part of Aon’s commitment to serving clients with innovative products,” said Jillian Slyfield, chief innovation officer of Aon.
The digital platform will serve as a command center for risk managers, procurement officers and general counsels to manage their businesses’ third-party networks, including suppliers, vendors, and commercial tenants. The platform’s real-time dashboard and advanced analytics will provide insights into insurance compliance status for third parties and enable more informed decision making.
Partner Risk Insights simplifies the traditional and tactical insurance verification process into a strategic and automated solution. The digital platform identifies third-party protection gaps and matches them with coverage options that can be purchased in real time digitally and with advice from Aon’s licensed brokers.
The platform provides clarity, visibility, insights and simplicity to match third-party insurance against risk standards, thus creating organizational efficiency and resiliency against potential liability and financial impact.
“We are providing our clients with a way to better understand risk, drive compliance, and offer a more seamless onboarding option,” said Roberto Pinto, president of digital client solutions at Aon. “Partner Risk Insights keeps business networks more connected and better protected from third-party risks, helping clients achieve their business goals.”
