Developers and contractors entering new markets that are looking to mitigate their projects’ risk now have available an interactive tool that not only allows them to access real-time updates pertaining to the risk climate of municipalities across the U.S., but also to create a job-specific risk profile that takes into account such factors as local statutes and the potential for catastrophic exposure.
Aon Risk Solutions, through its Construction Services Group, has gone live with its Construction Risk Portal, a web-enhanced tool that helps clients navigate risk when working across multiple geographies simultaneously.
Aon Risk Solutions is a division of London-based Aon plc, a publicly traded global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. It has clients in 120 countries.
The portal is a single website with two applications:
• Construction Risk Map is a searchable reference library. It provides a macroeconomic vantage of the construction risk climate across the country, and outlines specific issues—such as litigation, legislation, and insurance requirements—that contribute to overall construction’s risk rating;
• Construction Risk Register is an interactive module through which users can create project- and location-specific risk profiles based on data about the project. The profile would have three components: State-specific statutes and case law based on construction-specific issues as tracked in the Construction Risk Map; a map that plots a project’s location based on information input and through a partnership with Aon Benfield’s Impact Forecasting capabilities and analysis of catastrophic exposure; and a risk “matrix” that plots the potential severity of jurisdictional issues and catastrophic exposures on a construction project.
Aon Risk Solutions developed this interactive platform with assistance from Johnson & Bell, a real estate and construction litigation firm, and one of several information partners with which Aon has on retainer.
“The Construction Risk Portal will allow our clients and colleagues to have access 24-hours a day, seven days a week to statutory developments, case law, risk trends and regulatory updates,” says Matt Walsh, Executive Vice President and Chief Broking Officer of Aon Risk Solutions’ Construction Services Group.
Aon now includes access to this portal as one of the services it offers to clients, says Walsh. The plan is to add other applications in 2015, which Walsh says could revolve around safety drivers, contractual issues, and information about risks in other countries, such as Canada.
Related Stories
Architects | May 8, 2018
WeWork names BIG’s Ingels as its Chief Architect
He’ll be plenty busy working with a company that has aggressive growth ambitions.
Architects | May 8, 2018
Illinois Office of Tourism unveils new Frank Lloyd Wright Trail
The trail stretches from Rockford to Springfield.
Architects | May 3, 2018
Designing innovative solutions for chronic homelessness
What’s stopping us from creating more Permanent Supportive Housing?
Architects | Apr 27, 2018
4 reasons to pursue speaking engagements
We found speaking engagements were among the top ten marketing techniques that AEC firms employ.
Office Buildings | Apr 19, 2018
From fitness to bowling alleys: How commercial office buildings are differentiating themselves through amenities
Here are five ways that amenities can help developers and building owners attract and secure tenants by appealing to their inhabitants.
Architects | Apr 19, 2018
Perkins Eastman and Dougherty announce intent to merge
Combined practice will create expanded capabilities for K-12, higher education projects in California.
Architects | Apr 17, 2018
Cannon Design expects merger with gkkworks will help streamline its deliveries
The combined firm reinforces its presence in the western U.S.
Architects | Apr 16, 2018
Is the AEC industry ready to shake off its retrograde image?
Technology has been and always will be perceived as a source for wonder and worry.
Architects | Apr 10, 2018
HOK names a physician as its new Chief Medical Officer
Dr. Andrew Ibrahim will collaborate with the firm’s medical planning and design teams.
Architects | Apr 5, 2018
AIA grants $100,000 to four Upjohn Research Initiative projects
The purpose of the grant is to provide base funds for applied research projects that will advance the design profession’s knowledge and practice.