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.
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.
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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.