Aon and Optial in Partnership Present Working Solution for Solvency II to the Association of International Life Offices (AILO)

London and Dublin - 6 March 2014

Aon Global Risk Consulting and Optial (UK) Limited will demonstrate their newly created GRC platform for Solvency II Governance at the AILO members’ meeting at the Morrison Hotel in Dublin. The meeting will also be attended by Karel van Hulle, recently retired EU Head of Insurance, Internal Markets.

Aon Global Risk Consulting, the risk management consulting arm of Aon plc (NYSE: AON), and Optial (UK) Limited have collaborated to create the first truly integrated Governance, Risk, and Compliance (GRC) system for the commercial insurance and reinsurance sector.

During the Members meeting, representatives of Aon and Optial will show how this solution addresses the requirements of Solvency II across the various Governance Functions from the Board itself to Risk Management, Compliance and Internal Audit, thus creating a streamlined architecture that fosters interaction across all organizational levels at minimal operating cost.

Facilitated by AILO’s CEO, Alan Morgan Moodie, AILO members will be discussing how a GRC solution must facilitate the connection of board level vision and strategy with real day-to-day operational controls and processes, thereby defining and realizing a clear operating model that remains proportionate to each undertaking’s specific requirements.

The meeting begins at 9.00 am with updates from AILO committees on Tax, Regulation, Sales & Marketing, German & Italian issues and the EU Round-up.

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