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Aon builds Brexit solution for risk managers

Brexit Navigator considers scenarios based on an erosion of the ‘Four freedoms’ of European Union membership

Aon has launched Brexit Navigator, a solution designed to help organisations quantify the impact of Brexit risk exposures, and redesign risk management and risk financing structures.

Supported by an interactive tool that presents scenario-based insights for each of the EU Four Freedoms: Goods, Capital, Services and People, Brexit Navigator helps assess the impact of Brexit on strategic business plans and objectives.

brexit-navigator

Brexit Navigator considers scenarios based on an erosion of the ‘Four freedoms’ of European Union membership

Grant Foster, Managing Director UK of Aon Global Risk Consulting commented: “Extensive conversations with clients from different sectors and geographies over the past four months have given us a unique perspective on companies’ Brexit concerns.  These insights, combined with our deep and extensive expertise in risk advisory and solutions, have enabled us to develop Brexit Navigator.”

Brexit Navigator is a three step solution, suitable for organisations globally that have operations and business interests in the UK:

  • Baseline, step one – Evaluates just how Brexit-ready an organisation is, mapping out the potential risks and opportunities.
  • Balance, step two – Realigns the risk management and insurance programme to adapt to the new organisational risk tolerance and appetite.
  • Horizon, step three – Tests the changes introduced to an organisation’s programme to help ensure resilience for the future.

Eddie McLaughlin, Chief Commercial Officer EMEA, Aon Global Risk Consulting added: “Brexit Navigator is a great example of what we do best at Aon; an innovative solution created by experts who have listened to what our clients need.  Like all emerging risks, the sooner an organisation can plan for an eventual outcome the better. Brexit Navigator will help clients measure and respond to risks and opportunities created by Brexit.”

 

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