Aon enhances TPI Portfolio for insurers in assessing risk profiles

UK-based insurer Aon has expanded its analytics services with the introduction of the enhanced TPI Portfolio, aiming to assist insurers in better assessing their risk profiles and making informed underwriting decisions.

The TPI Portfolio builds on the existing Transition Performance Index, which assists sectors with emission reductions in tracking their transition towards sustainability.

The enhancement is part of Aon's 3x3 Plan, Risk Capital Strategy and provision of portfolio-wide insights.

It is designed to help insurers with risk alignment, regulatory reporting and spotting opportunities in low-carbon market sectors.

The TPI Portfolio integrates both public and proprietary data sources, providing a clear picture of where clients currently stand and their progress in terms of risk management, compliance and growth.

It aims to address challenges faced by insurers, such as inconsistent data, limited resources and the complexity of incorporating insights into decision-making processes.

By leveraging the data provided, insurance companies can detect emerging risks and customer needs, driving the creation of new, relevant insurance products.

The TPI Portfolio is a central element of Aon's forthcoming Low-Carbon Transition Framework, which offers insurers a structured method to navigate their sustainability initiatives.

This includes a seven-step guide with actionable steps and recommendations for developing a transition strategy based on the insights from the TPI.

Aon is also enhancing its Climate Risk Advisory services to support clients in developing proactive strategies within the energy sector and the expanding economy focused on decarbonisation.

Aon Climate Risk Advisory head Liz Henderson said: “Insurers are under increasing pressure to understand and report on transition risk for their clients, but the data is often fragmented and difficult to interpret.

“The TPI Portfolio and its corresponding data has been strategically designed to be a common language for transition risk – one that supports collaboration and clarity across the insurance value chain.”

Recently, Aon introduced Specialist Claims Solutions to assist insurers in managing claims more effectively, enhancing customer service and maintaining profitable operations.

"Aon enhances TPI Portfolio for insurers in assessing risk profiles " was originally created and published by Life Insurance International, a GlobalData owned brand.

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