Aon eSolutions Releases ERM Risk Register

Published: 26 April, 2008
Aon eSolutions, the client technology arm of Aon Corporation and a leading provider of global risk and insurance solutions, today announced it has released ERM Risk Register, a new module within RiskConsole, its market-leading, browser-based risk management information system (RMIS). ERM Risk Register will provide organizations with the ability to manage enterprise risk.

Awareness of the need for robust enterprise risk management (ERM) programs is on the rise but, as Aon reported in its recent global enterprise risk management report, many companies have struggled in their efforts to implement these programs. Although companies have begun to perform risk assessments, a key challenge is effectively being able to process, analyze and act on the consolidated results, commonly referred to as the "risk register."

In the past, organizations utilized a spreadsheet-based tracking and management process, but standalone documents made it difficult to ensure the availability and timeliness of information across an organization.

"ERM Risk Register offers an advanced technology platform to alleviate these challenges," said Kathleen Burns, chief executive officer of Aon eSolutions. "The system not only provides organizations with a centralized data repository to input enterprise risk information, but also enables companies to compare results against risk tolerance, develop action plans to address critical risk areas, delegate action items to staff, and create performance indicators that lead to ERM success."

The ERM Risk Register is developed on the same award-winning platform as RiskConsole, but is also available as a stand-alone solution. With its browser-based platform, the system can easily be accessed and utilized enterprise wide.