Aon launches health risk forecaster

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Aon has launched a health risk forecaster to help companies understand their future health expenditure and control risks.

The Risk Forecaster analyses and quantifies health data and premium trends then is able to project future premium costs as well as providing performance benchmarks.

The Risk Forecaster has been developed by work with the Aon Centre for Innovation and Analytics.

A case study found that a client whose benefit spend could in three years increase from £8.4m to £15m and Aon could recommend ways to deal with the issues causing the rise.

Matthew Lawrence, head of broking and proposition for health and risk at Aon Employee Benefits, said, "Typically, the four key health risks that significantly impact insurance claims are cancer, musculoskeletal, mental health and heart problems.

"Tied into the problem is that overall benefit spend in health and risk is increasingbecause of employee demographics, economic and market conditions.

"No company can afford to ignore the impact of health cost risks that impact the bottom line."

 

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