According to Aon, the leading global provider of risk management and human resource solutions,"many of the risks that businesses list as their most pressing are uninsurable within current policy structures, which is both disappointing and cause for real concern. To remain sustainable and support clients, the risk industry must find ways of staying relevant as traditional risks get bigger and non-traditional risks pose new threats."
Lambros Lambrou, CEO for Aon Risk Solutions in Australia, made these comments in the wake of this year's Aon Advanced Risk Finance Conference, while warning that the future of risk financing will look very different from that of the past.
"Our industry is very sophisticated in handling smaller risks, such as health, vehicle and even safety. There is a wealth of data and experience around these risks which informs decisions at all levels of the value chain," Mr. Lambrou explained.
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