From the September/October 2012 issue of Treasury & Risk magazine

Silver AHA Winner in Enterprise Risk Management

System to Score Risk Efforts: Aon

Way back in 1970, two mathematicians, Earl Isaac and Bill Fair, invented a system for scoring credit ratings. It is now ubiquitous, making lending decisions much simpler. Now Aon, the $11.3 billion global insurance broker and risk consulting company, has come up with a proprietary Risk Maturity Index that it says can help its clients analyze, measure and improve their risk management performance.

The basic idea resembles the credit rating score: to quantify a company’s risks and the effectiveness of its risk management processes objectively.

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