LONDON (28 October 2013) – Aon Risk Solutions, the global risk management business of Aon plc (NYSE: AON) has launched its new product, Weather Protect.  Weather Protect is a solution that provides cover against the impact of adverse weather conditions, and has been developed by Aon Underwriting Managers (AUM) in association with Swiss Re.

With the increasing unpredictability of the UK weather in recent years, and bad weather on the way, more and more businesses are seeking a viable means of managing their exposure to weather risks - from crop growers to retailers; airlines to construction companies.  The global weather climate continues to be a volatile external factor which influences both consumer behavior and market dynamics.  It can make a significant impact on a company’s revenue stream.  Recent survey data from Aon identified the weather as a top 10 risk for UK food and drink businesses.

Andy Colbran, Managing Director of AUM, said: "Many Aon clients are adversely affected by abnormal weather conditions. As we enter into the winter months, the impact of cold, wet weather on revenues, as well as the related expense and reduced productivity which businesses face causes immense challenges. Weather Protect delivers real value through an innovative, index-based product, which gives clients peace of mind and enables them to plan for adverse weather.

Aon will work with each client to create a bespoke solution to suit each clients’ unique exposure to weather risk. Historical claims information is not required  There are a range of polices available including::

• Rain day – pays a pre-defined amount for every day that the rainfall is above the specified level agreed with the organization.
• Cold day – pays a pre-defined amount for every day that the daily minimum temperature is below a specified level

ENDS

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About Aon

Aon plc (NYSE: AON) is the leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 65,000 colleagues worldwide, Aon unites to empower results for clients in over 120 countries via innovative and effective risk and people solutions and through industry-leading global resources and technical expertise. Aon has been named repeatedly as the world's best broker, best insurance intermediary, reinsurance intermediary, captives manager and best employee benefits consulting firm by multiple industry sources. Visit www.aon.com for more information on Aon and www.aon.com/manchesterunited to learn about Aon's global partnership and shirt sponsorship with Manchester United.