Aon And Lifeguard To Boost Emerging Risk Insights Through Science Crowdsourcing Platform

 Aon plc (NYSE: AON), a leading global professional services firm, announced a new collaboration with science crowdsourcing organisation Lifeguard  that will drive peer-reviewed scientific research on emerging risks in the property and casualty insurance sectors through engagement with the scientific community worldwide.

Aon and Lifeguard will deliver scientific insights to the insurance industry in areas with recognised knowledge gaps, as well as provide new perspectives on emerging risks such as climate change, extreme weather, biotechnology and nanotechnology.

The Aon-Lifeguard collaboration will help to reduce traditional research and development time-cycles by utilizing crowdsourcing research methods to deliver broader and more timely insights. This information will enable Aon and its clients to make better business decisions, and develop more innovative products, services and solutions that help to navigate volatility and build business resilience, while addressing underserved markets and segments of risk.

Lifeguard’s crowdsourcing platform, which brings together global scientists, subject-matter experts and innovators with diverse skill-sets and expertise, enables extensive collaboration among the scientific community, who work together to better understand and address the complex emerging risks facing the insurance industry.

The collaboration with Aon will augment existing insurance industry emerging risks research and provide insights into areas where insurers lack the resources to gain a thorough understanding of their exposures.

Amanda Lyons, Aon’s Reinsurance Solutions U.S. casualty strategic growth leader, said: “Aon’s collaboration with Lifeguard acknowledges the strong alignment between scientific research and risk understanding and management. For many years, Aon has been utilizing output from our global academic relationships to inform our understanding of natural hazards and, more recently, climate change. This collaboration will help to expand our endeavours into new areas of risk, to the benefit of clients and the broader industry.”

Samantha Bennett, founder of Lifeguard, said: “The goal of Lifeguard is to prevent avoidable suffering, enable safer lifestyles, strengthen businesses and inform the risk management industry. We are excited to be collaborating with Aon and bringing to insurers and reinsurers the benefits of our global network of scientific contributors and innovative research methods.”

The collaboration will also offer insurers and reinsurers the opportunity to co-sponsor emerging risk-relevant research on topics of specific concern, to better inform the decision-making process.

For more information about Aon’s Reinsurance Solutions, please visit:

https://www.aon.com/home/solutions/reinsurance.html.

About Aon

Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Our colleagues provide our clients in over 120 countries and sovereignties with advice and solutions that give them the clarity and confidence to make better decisions to protect and grow their business. 

Aon UK Limited is authorised and regulated by the Financial Conduct Authority for the provision of regulated products and services in the UK. Registered in England and Wales. Registered number: 00210725. Registered Office: The Aon Centre, The Leadenhall Building, 122 Leadenhall Street, London EC3V 4AN. Tel: 020 7623 5500.

About Lifeguard

Lifeguard  is a crowdsourcing platform that represents the first ever effort to provide the infrastructure, collaboration tools, and incentives needed to enable and ecourage peer-reviewed science, focused on complex human health and environment issues, on a massive scale. As an early stage non-profit venture, Lifeguard has received support from leaders in the risk management industry, R&D institutions, universities, and federal grants.

Request early access to Lifeguard’s platform by signing up at www.joinlifeguard.org  .