Aon Private Risk Management, the Chicago-based global insurance broker and risk advisor for the ultra wealthy, has launched a risk auditing service exclusively for investor’s tangible assets.

According to Aon, investment in assets such as real-estate and art has doubled over the last year following the fall in the investment markets. The risk auditing service will advise families, trustees and organisations with insurance premiums over £40,000.

The auditing process will examine a family’s current exposures  - tangible assets, liabilities and personal well being -  and find a more appropriate insurance package. 

“Investment volatility has meant families are placing more emphasis on protecting their tangible assets. In turn, the role of the insurance broker has become key to insulating wealth by educating and boosting  understanding on tackling risks. As confidence has been lost in some elements of the financial services, insurance brokers are in a strong position to respond and offer effective advice on protecting wealth,” Charles Hamilton Stubber, managing director of Aon PRM said.

According to Aon, many family’s policies are spread over several insurers creating gaps and duplication in cover.

As at 30 June net income attributable to Aon stockholders was $149 million.