Management Consulting
Aon
Full Credential Description
A healthcare organization faced significant challenges with its cyber insurance coverage, as each hospital within its network was responsible for its own losses under a self-insured retention model. This structure resulted in a level of risk that some hospitals were unwilling to bear on their balance sheets. To address this issue, Aons Actuarial and Analytics team conducted a thorough analysis of the losses within the retention. They estimated the potential absorption of losses by the captive insurance company under various scenarios, providing insights into the financial impact on the organization and its hospitals. As a result of this tailored analysis, the healthcare organization was able to reduce the volatility on individual hospital balance sheets by increasing its reliance on the captive insurance model. In another case, a construction developer sought a risk financing solution for five potential construction projects, aiming for an innovative approach beyond traditional wrap-up insurance programs. Aons Actuarial and Analytics team executed a comprehensive pricing analysis, which included detailed investigations into each project. This analysis produced cash flow projections for financial reporting and project close-out pricing. The insights gained allowed the developer to effectively weigh the cost versus risk for various program options tailored to each project, enabling them to proceed with a strategy that aligned with their risk appetite and tolerance.