BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Aon launches energy sector loss modeling tool


Aon Global Risk Consulting is collaborating with Dutch research agency TNO to launch a loss estimating tool for oil, gas and petrochemical clients.

The Aon Loss Estimating Risk Tool, or ALERT, can model the potential financial impacts of a wide range of fire and explosion scenarios in the hydrocarbon processing industry, Aon said Tuesday in a statement.
The new modeling tool was developed in conjunction with several insurers and is calibrated to model a full range of known historical losses from across the industry, according to the statement. It includes discharge and dispersion models, which are used to evaluate cloud dimensions for vapor cloud explosion events.

ALERT will be managed globally from London with support from Aon centers in Houston, Calgary, Alberta, Dubai, United Arab Emirates, and Singapore, according to the statement.