Aon Impact Forecasting - ELEMENTS Catastrophe Modelling Platform
Type of system
- Analytics
- Capital modelling
- Catastrophe modelling
- Economic / risk scenario generator
- Solvency II solution
- Spreadsheet risk management
- Stress and scenario testing
- Climate risk management
Type of platform
- Cloud
- Desktop-based
- SaaS
- Server-based
Other features
- Least-squares Monte Carlo
- Solvency II internal model
Has the product an open API? Yes / No?
Yes, ELEMENTS platform includes set of APIs.
What are the typical implementation costs for your product?
Pricing is structure on a per-model basis, customizing fees according to each client’s selection of models and specific hosting requirements. This flexible approach allows us to tailor solutions that align with our clients’ needs.
How long does your product take to implement on site?
The installation and implementation timeline depends on each client’s server environment and setup.
In same scenarios, we are able to complete the entire process in less than one day. Our team works closely with clients to assess their infrastructure in advance, ensuring a smooth and efficient deployment tailored to their specific requirements.
Please name companies that use the system/product
Our solutions are trusted and widely adopted across the re/insurance industry, including several of the world’s top 10 insurers and top 5 global reinsurers.
In addition to direct usage by these leading organizations, Aon also operates the models on behalf of hundreds of clients, delivering expert support and insights as part of our comprehensive service offering.
Product summary: Please summarise your product’s key points for re/insurers in no more than 100 words.
ELEMENTS is a flexible, customizable, and open catastrophe modeling platform designed for re/insurers and their needs.
It offers transparency into model assumptions, supports model customization, and enables uncertainty quantification.
The platform features standardized exposure and results, multiple financial engine options, and seamless API integration for workflow efficiency. ELEMENTS provides easy deployment on-premise or in the cloud, and includes updated models for key global perils, with enhancements like portfolio-level Year Loss Tables and advanced uncertainty analysis, making it a powerful tool for exposure management and risk transfer decisions.