Artificial Intelligence Tool Debuted by Aon: Broker Copilot
Aon plc, a leading global professional services firm, has launched Aon Broker Copilot, a groundbreaking platform that leverages artificial intelligence (AI), large language models, and predictive analytics to transform the commercial insurance placement process.
The new platform, designed to streamline complex workflows, elevate placement strategy, and deliver better outcomes for clients navigating a volatile risk environment, is part of Aon's $1 billion commitment in 2024 to help clients make better decisions on interconnected issues.
Aon Broker Copilot captures and standardizes data from every insurance submission, whether quoted, bound, or declined, providing an unprecedented view into global insurance market pricing. This comprehensive and structured dataset offers brokers real-time market intelligence on pricing, carrier appetite, and sentiment.
The platform integrates seamlessly with Aon’s Risk Analyzer suite and accesses one of the industry's largest structured risk trading databases. This empowers brokers with sophisticated, data-driven insights at the point of placement decision-making, reducing information asymmetry traditionally seen in insurance placement.
Using predictive analytics and real-time market insights, Aon Broker Copilot enables brokers to make higher quality submissions and more strategic carrier engagements. This allows for more informed client advice based on actual market behavior rather than anecdotal evidence.
The phased rollout of Aon Broker Copilot will begin with Aon's U.S. National Property and London Global Broking Centre Property teams, with plans to expand to additional business lines and geographies throughout 2025 and 2026.
Joe Peiser, CEO of Commercial Risk for Aon, stated that Aon Broker Copilot reflects how Aon is undertaking one of the most ambitious digital transformations across the broker universe. Peiser further commented that the platform is the next step in predictive broking, enabling Aon's brokers to operate with greater precision, consistency, and insight to deliver better outcomes for clients around the world.
Aon Broker Copilot is a digital application that brings together Aon's global scale, proprietary data, and AI capabilities. The platform is part of Aon's mission to modernize the business of broking and is a significant step in Aon's efforts to redefine how capital matches risk, harnessing digital innovation to deliver faster, smarter solutions that help clients tackle emerging challenges before they escalate.
Recent acquisitions, such as the $475m purchase of Townsend Group, underscore Aon's commitment to investing in cutting-edge technology to enhance its services and provide clients with the best possible solutions.
In addition to Aon Broker Copilot, Aon has also launched a D&O Risk Analyzer, a digital application for U.S.-listed public companies to mitigate executive risks. These developments demonstrate Aon's ongoing dedication to leveraging technology to create more efficient, data-driven processes and deliver superior results for its clients.
- Aon Broker Copilot, an innovative platform using AI and predictive analytics, is part of Aon's $1 billion commitment to help clients make better decisions on interconnected issues, such as cyber risk and finance, in a volatile risk environment.
- The comprehensive dataset provided by Aon Broker Copilot offers real-time market intelligence on pricing, carrier appetite, and sentiment, which can be particularly beneficial for business leaders managing technology-related risks, such as cyber risks.
- By integrating Aon Broker Copilot with its Risk Analyzer suite and utilizing one of the industry's largest structured risk trading databases, Aon aims to redefine how capital matches risk, enhancing its services and providing clients with the best possible solutions in various sectors, including finance and technology.
