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Aon Moves to Boost Connection to its Electronic Messaging Platform
Aon appoints certified technology suppliers to help trading partners connect to Aon Broking Connections

 

LONDON, 17 February 2005 – Aon Limited, the UK’s largest insurance broking and risk management company, has certified the SOAP  gateway products of three technology suppliers - Innovation Process Technology (IPT), Brixlogic, in partnership with Sun Microsystems, and Web Connectivity - who can provide a simple, cost effective solution to help connect trading partners to its electronic messaging platform, Aon Broking Connections (ABC).

Many insurance companies are eager to reduce costs and time by conducting insurance business electronically but may lack the necessary resources, skills or budget to build their own electronic gateway to ABC. Aon has worked closely with leading specialist providers IPT, Brixlogic-Sun and Web Connectivity to ensure that their solutions will allow insurers to get the full benefits of connecting to ABC without incurring high license or implementation costs. Each of the certified solutions has been assessed to ensure its compliance to the ACORD industry messaging standards and its compatibility with the ABC platform.

Anne Boden, chief information officer of Aon Limited, said: “The appointment of three certified technology suppliers represents the next significant phase in the development of Aon Broking Connections (ABC). Insurers keen to use ABC, but who might not have sufficient resources, skills or budget, now have an easily accessible and cost effective solution to enable them to conduct business with Aon electronically. This can only be good news in the drive to harness the efficiencies that technology can bring to the insurance marketplace.”

Contact:
Sally Coode-Bate
Aon Press Office
Tel: (0)207 505 7478
sally.coode-bate@aon.co.uk

Louisa Hollins
Financial Dynamics
Tel:  (0)207 269 7108
louisa.hollins@fd.com

About Aon
Aon Corporation (www.aon.com) is a leading provider of risk management services, insurance and reinsurance brokerage, human capital and management consulting, and specialty insurance underwriting. The company employs approximately 48,000 professionals in its 500 offices in more than 120 countries.  Backed by broad resources, industry knowledge and technical expertise, Aon professionals help a wide range of clients develop effective risk management and workforce productivity solutions.

Aon Broking Connections gives all Aon’s insurance trading partners the opportunity to connect electronically to Aon, allowing all data for marketing, placement, contract confirmation, accounting & settlement and claims to be delivered using ACORD XML messages.

IPT (Innovation Process Technology) are based in Switzerland and have clients in financial services, transport and logistics & telecommunications sectors. Their iVamp product provides a standards-based messaging service to enable business partners to collaborate over the internet.

Brixlogic is headquartered in San Mateo, California with European offices in Paris, France and have clients in financial industry segments including insurance, ATMs and payments, retail banking, and capital markets. Their XML Services Builder solution combines a Zero Code graphical development environment technology with built-in ACORD XML solution components. XML Services Builder empowers clients to cost-effectively XML- and Web Service-enable their existing IT systems, to streamline internal operations and electronically collaborate with their business partners.

Web Connectivity are based in London and have insurers and brokers as clients. Their EnabledB2B messaging product can send and receive messages in accordance with data standards defined in different industry sectors.

This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995.  These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from either historical or anticipated results, depending on a variety of factors.  Potential factors that could impact results include the general economic conditions in different countries around the world, fluctuations in global equity and fixed income markets, exchange rates, rating agency actions, resolution of pending regulatory investigations and related issues, including those related to compensation arrangements with underwriters, pension funding, ultimate paid claims may be different from actuarial estimates and actuarial estimates may change over time, changes in commercial property and casualty markets and commercial premium rates, the competitive environment, the actual costs of resolution of contingent liabilities and other loss contingencies, and the heightened level of potential errors and omissions liability arising from placements of complex policies and sophisticated reinsurance arrangements in an insurance market in which insurer reserves are under pressure.  Further information concerning the Company and its business, including factors that potentially could materially affect the Company’s financial results, is contained in the Company’s filings with the Securities and Exchange Commission.

Aon Limited is authorized and regulated by the Financial Service Authority in respect of insurance mediation activities only.

 

Aon Limited is authorised and regulated by the Financial Services Authority in respect of insurance mediation activities only.

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