Aon plans to launch a new digital trading platform designed to modernise how brokers access capital and syndicate risk.

The Aon Digital Placement Exchange (Aon DPX) is scheduled to go live for US property risks in the second half of this year, with more than a dozen insurers expected to participate at the launch.

The global broker says the platform is its digital approach to placing follow line business in the London market, using structured data and algorithmic trading to connect risk and capital more efficiently.

“The way follow line business has been placed has not kept pace with the scale and complexity of today’s risks,” Aon risk capital CEO Joe Peiser said. 

“Aon DPX introduces a more efficient and data-driven approach to connecting risk and capital aimed at giving clients greater clarity, choice and control.” 

Traditionally, placing follow line business – where a risk is divided among multiple insurers – has relied on manual, repetitive processes across distribution and underwriting.