Aon eSolutions and the provider of global risk and insurance solutions, announced it has released a new Environmental module as part of RiskConsole, the browser-based risk management information system (RMIS). RiskConsole is the pioneer in browser-based risk information technology. RiskConsole was designed to give you an integrated enterprise-wide view of your risk exposure and deliver critical risk management intelligence. RiskConsole has the ability to maintain a wide variety of risk and insurance information with full multi-lingual and multi-currency capabilities.
Developed in conjunction with Aon Environmental Services Group, RiskConsole's new Environmental module provides organizations with the ability to effectively manage the multi-faceted environmental due diligence process, which generates volumes of sampling data, assessment reports, regulatory correspondence, and other legal correspondence. The environmental liabilities associated with the purchase, sale, and development of properties can be extremely complex and costly. Risk managers must be vigilant in addressing environmental issues to reduce the possibility of losses.
According to Kathleen Burns, chief executive officer of Aon eSolutions, "In today's litigious environment, managing the mountain of environmental material is a daunting task. RiskConsole now enables efficient tracking and warehousing of information to thoroughly document environmental conditions. Clients can utilize this information to resolve prospective conflicts over indemnities and regulatory actions, as well as to obtain the best-possible environmental insurance coverage for their individual properties or portfolios."
In addition to manual data entry, RiskConsole consolidates data from multiple external sources and internal systems like HR, payroll, fleet, etc. This means you can establish a repository of risk information in the most efficient manner giving you a complete picture of your business at your fingertips. Through this collaborative endeavor with the Aon Environmental Services Group, Aon eSolutions offers an Environmental due diligence system unparalleled in the industry.
RiskConsole module features:
- The ability to manage the complex environmental due diligence process, as well as the environmental insurance submission and renewal process.
- An easy-to-use browser-based interface provides security-enabled access for brokers, risk managers, underwriters, engineers, and asset managers. At renewal time, clients can provide competing carriers with access to the module, eliminating the need for underwriters to travel in order to review the hundreds of environmental documents that exist.
- Real-time access to environmental coverage, enhancements, deductibles, limits, exclusions, and claims history for individual properties, as well as information on an aggregate portfolio basis. Clients can manage environmental issues and coverage for both current properties and potential acquisitions.
- Increased efficiencies through automatic scheduling of reports and distribution of email alerts that notify clients of pre-defined risk events, such as the existence of non-compliant locations.
- Client-owned data with complete portability regardless of broker or insurer relationship.