Aon GRIP Reaches Milestone
Since its May 2008 launch, Aon’s proprietary database has seen its 500,000th trade.
Virtual Water Cooler, July 29, 2010
Aon Global Risk Insight Platform (GRIP), a real-time electronic platform that tracks Aon’s placements globally, has hit a new milestone with its 500,000th trade being put through the system since its May 2008 launch, the company reports.
Aon GRIP is a proprietary database of insurance placement data, delivering critical marketplace intelligence to Aon associates and its clients. It is designed to provide insight across carriers, industries and products on every level, from individual transactions to global trends.
The system also enables benchmarking of like risks placed throughout the globe, and at what price, in order to help clients evaluate insurer performance and anticipate shifts in the market. All of this information enables Aon’s broking teams to design an optimum insurance program with the insurers that are best suited to its clients.
