Risk Consulting

Managing risk in today's environment is complex. It becomes even more difficult when global events such as a pandemic, cyberattack, or supply chain disruption affect not only your business and employees but your customers, suppliers, and the economies where you operate.

Faced with more frequent and unpredictable risks, leaders are feeling pressure from their boards, investors, customers, and regulators to do a better job of anticipating and minimising their impacts on the business’s bottom line and operations. But today's risks are harder to identify, understand, quantify, and manage.

Marsh Advisory's Consulting Solutions provides you with the insights, deep technical expertise, and global resources needed to create and implement risk management strategies that help you move beyond cost savings to building resilience.

With more than 800 risk, claims, safety, and industry-specific specialists in more than 40 countries around the globe, you get experts who understand issues from your perspective and have proven experience across key areas of risk management — property, liability, cyber, strategic, enterprise risk management, crisis management, and more.

We use industry-leading data and analytics to help you identify your most significant risks, quantify their impact, and determine the best strategies to move forward with confidence.

And unlike management consulting firms, our entire focus is risk, so we offer solutions that address your end-to-end risk life cycle — from identification and assessment, to finance, mitigation, and loss recovery. As a result, we can potentially help you save money on insurance premiums and claims management, improve health and safety practices, and confidently build resilience for what's ahead.

LCPA 22/460

Cyber Risk

Property Risk Management

Strategic Risk Consulting

Valuations

Workforce Strategies

Woman consoling a man with a checkered shirt. Talk therapy. Mental health concept.

Case Study

Addressing physical and psychosocial risks

11/16/2023

Case Study

Navigating earthquake risk for a Pacific port

09/21/2023

Case Study

Managing the transition: TCFD roadmap for an energy business

08/18/2023

Modern residential apartment buildings with trees

Case Study

Overcoming risk blind spots for a real estate firm

08/18/2023

Green Industry Eco Power Factory Good environment ozone air low carbon footprint wide for banner.

Report

Quantifying your net zero strategy: a balancing act between decarbonisation risk and opportunity

08/30/2023

Business people writing on notepad during seminar

Podcast

Risk in Context Podcast: Overcoming challenges to DE&I

08/04/2023

Flood water - Sandbags for flood defense

Article

Protect your properties from water accumulation risks

01/18/2023

Businessmen hand's pointing where to sign a contract, legal papers or application form.

Article

IFRS 17 – Practical Tips and Lessons Learnt

10/25/2022

hands using tablet with windows on the back ground

Podcast

Risk in Context Podcast: Managing evolving cybersecurity risks

08/29/2022

Parcels on conveyor belt in a warehouse.

Article

3 Best Practices to Reduce Supply Chain Cyber Exposure

06/23/2022

FAQs

Essentially, a risk advisor learns about the pressures, risks and opportunities surrounding your specific business and the wider market. Everything from political risk to financial crime is analyzed in the right perspective, showing how it may affect what you do. Research and analysis of critical data is a major element of risk advisory services, but so is deep industry knowledge, as well as the ability to collect and draw insights from complex information. It is essential for organizations hoping to anticipate and mitigate risk and develop risk management strategies in the face of turbulence. You can plan ahead for risk.

Risk management can be a complex task. Handling this on your own can be overwhelming when you have so many other agenda items to take care of. Utilising risk consulting services is ideal for any business with limited resources, lacking in-house expertise, or requiring an outside perspective.

Hiring a risk management specialist gives you firsthand assistance with the tools you need to assess your risk and properly define a strategic plan forward to mitigate and reduce your exposures. Furthermore, a risk management consultant can provide advice to help you reduce liabilities across your organisation.

In short, risk consulting services give you the opportunity to work directly with a specialist in the industry who can provide the insights needed to prepare your business to be more resilient in the face of a potential issue, large or small, that could impact your operations, your people, and your bottom line.

With risk consulting services, you can have peace of mind that your approach to evaluating and managing risk is built upon best practices and proven methodologies — and by specialists who understand your industry and challenges. A risk advisor can make it easier for you to dive further into your risks and use these insights to your advantage. Here are a few of the many potential benefits of risk consulting:

Make informed decisions: A risk consultant understands the types of risks that can impact your business, studies the latest risk trends and data affecting your industry, and has experience developing mitigation and management strategies and plans. This knowledge puts you in a better position to plan for unforeseen events and advise your business on optimal risk management strategies.
Effectively communicate risk goals and strategies: Risk management and mitigation starts with conversing about the problem and potential solution. Hiring a risk advisor means getting involved in an ongoing conversation that puts your entire team on the same page and makes it easier to work together to form a solution.
Increase productivity: Many risk departments are being forced to do more with less. Risk consultants can act as an extension of your team and give you the ability to scale up or down based on your business needs.
Improve operations: Risk consultants can audit your existing risk management processes, identify inefficiencies, and create plans to streamline them.

Other benefits include meeting compliance requirements, making operational improvements, and more.

By definition, a risk management consultant is someone who assesses the risks of a business, gives recommendations based on their needs, and provides resources to implement the recommendations.

Marsh’s risk consultants are typically available to cover these areas:

Property engineering and loss control
Valuation services
Supply chain
Regulation and compliance issues
Health and safety consulting
Emergency management Loss prevention and mitigation
Cyber-security
Enterprise risk management
Fraud
Business continuity management
Crisis management
Claims management

This page contains general information, does not take into account your individual objectives, financial situation or needs. For full details of the terms, conditions and limitations of the covers, refer to the specific policy wordings and/or Product Disclosure Statements available from Marsh Pty Ltd on request. Marsh Pty Ltd (ABN 86 004 651 512, AFSL 238983) arranges the insurance and is not the insurer.