Global re/insurance broker Aon has sold technology and intellectual property (IP) assets to Moat Metrics Inc., a Washington-based company that delivers AI driven business and research intelligence.
Lee, founder and CEO of Moat Metrics, said: “We are grateful for our time at Aon as IP Solutions became a leading provider of IP-related services for the insurance industry, and these services were informed by an underlying proprietary AI platform.
“Moat Metrics will now bring the AI platform and supporting solutions to the broader market for use by investors, financiers, risk managers, corporate strategists and IP teams, and professional advisors.”
Founded by Lewis Lee, former CEO of Aon’s IP Solutions, and a group of former Aon colleagues, Moat Metrics aims to use its proprietary AI Platform to deliver next generation business and research intelligence to help clients make better investment and business decisions.
Leveraging its artificial intelligence (AI) platform Moat can generate insights into a company’s value continuum, starting with strategy and innovation and expanding into product mix and IP coverage, which ultimately informs future performance and value.
According to the announcement, Aon’s IP broking team will stay part of the broker’s Global Specialty and Financial Products offering within Risk Capital.
The firm will also continue to support the development of the IP risk marketplace.
We want to recognize Lewis and the entire team for the significant contributions they made in developing the technology that enables the better measurement and articulation of the value of IP,” said Jillian Slyfield, chief innovation officer at Aon. “We look forward to working together in the future.”
