Considering the importance of a captive to the parent or affiliated organization’s risk-financing needs, it is surprising how often captive managers do not have the necessary tools to gain global views of the whole portfolio, let alone underwritten individual lines of business.
For the captive, access to data is critical, from supporting the underwriting all the way through to managing claims. Availability of timely and accurate claims information is essential. With the right information, the captive is no longer forced to collate data from multiple spreadsheets, thus compromising data accuracy, or overcome data integrity issues.
Aon eSolutions enables captives to integrate claims data into monthly or quarterly reporting requirements, which is critical in meeting regulatory requirements. Aon eSolutions products also allow oversight and reporting on the erosion of retention levels of the captive. In short, clients look to Aon eSolutions to improve all facets of transparency and risk management.