WARSAW (18 September 2012) Organizations in Central and Eastern Europe and additional emerging markets are keen to take advantage of risk management and risk financing solutions such as captive insurance companies, 100 senior risk industry professionals heard today at the annual Client Symposium hosted by Aon Global Risk Consulting, the risk management consulting arm of Aon plc (NYSE:AON).

The event included presentations delivered by experts from the banking and insurance sectors from Barclays, SCOR Global P&C, United Insurance Company, ARUP, Chartis, InStar and the US Law Network as well as others who play a role in the identification, mitigation and financing of risk. Specific focus was placed on emerging markets, with leaders from Central and Eastern Europe, Brazil and Turkey contributing to a discussion on the relevance and potential impact of solutions that have been long-standing features of risk management strategies in other parts of the world.

Throughout the event, a recurring theme of ‘Evolution and Not Revolution’ in the approach to risk management underpinned formal and informal discussions. Speakers and delegates shared thoughts on how quickly solutions from mature risk management markets such as U.S., UK and Australiacould be introduced successfully to emerging economies. Many contributors referred to the next five years as being the period of time in which the risk management models in these economies would gain traction and become a core part of the business strategy of major organizations. Captive insurancecompanies are expected to be a key element of the strategy for many firms.

Jaap Veenenbos, regional director of Central and Eastern Europe for Aon Global Risk Consulting, said, “With the magnitude, scope and complexity of risk on the rise, the key for success and growth for leaders in emerging economies is to understand and mitigate the level of risk facing today’s organizations.  The need for more effective risk management solutions will continue as globalization makes the world smaller, overseas investment inPoland and additional countries increase and regulatory environments evolve. We are proud to be hosting this event in Warsaw and to be leading the debate on these critical business issues”.

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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 62,000 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 andwww.aon.com/manchesterunited to learn about Aon’s global partnership and shirt sponsorship with Manchester United. 

Media Contact:

Sarah Booker

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Sarah.booker@aon.co.uk