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Aon Launches Pandemic Business Continuity Review to Help Businesses Combat Avian Flu Threat

LONDON, 6 March 2006 – Aon Limited, a leading insurance broker and risk management consultancy, has launched a new pandemic business continuity review service. The service is intended to help businesses assess their readiness for pandemic crises from a human capital resources perspective.                    

The review service was developed after Aon’s pandemic survey revealed that more than eight in ten business leaders view possible influenza pandemic as a threat to their business, yet fewer than six in ten have put measures in place to protect themselves against such a risk materialising. Attendees at Aon’s recent Pandemic Influenza seminar also voiced a need to review their existing business continuity arrangements against the specific problems a pandemic would present.

Pandemics such as Avian Flu do not represent a traditional business continuity risk since they do not impact a single physical location over a finite-time. The SARS epidemic is the most recent example of a pandemic and challenged the way many organisations think. While the systems were in place to deal with the crisis any organisations found that the relevant people were unavailable to operate them when it hit.

Aon’s pandemic business continuity review helps ensure continuity of operations for a business irrespective of how challenging a pandemic threat proves to be. This is carried out by evaluating the effectiveness of strategies and training already in place, and testing specific incident scenarios.
Alex Hindson, Associate Director at IRMG, a division of Aon, said: “Pandemics represent a special kind of threat to businesses. They affect the most important elements of any organisation – its people. This is why careful business continuity review and planning is needed to make sure they can ride through such crises. Business continuity plans must be robust, tried and tested if they are to have the desired results following a major pandemic.”

Note to Editors:

Editors note:

Copies of ‘Pandemic Influenza: Managing the Risks of an Invisible Threat’ are available from sally.taylor@aon.co.uk.

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 53,000 professionals in its 600 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.
 
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, 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, 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, and the timing and resolution of related insurance and reinsurance issues relating to the events of September 11, 2001.  Further information concerning the Company and its business, including factors that potentially could materially affect the Company's financial results, are contained in the Company's filings with the Securities and Exchange Commission.

 

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

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