Aon to launch database derived from claims


-- Aon, the global reinsurance company, is planning to launch a operational risk loss database in October that is projected to have about 25,000 entries at completion.

The contents of the database are being derived from Aon’s claims records, according to Jonathan Humphries, associate director at Aon Professional Risks, based in London. The data is being plugged into 84 entry fields per incident, which will help op risk managers fine-tune the criteria that they plan to use for op risk

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