Head of Consulting Solutions, China
Organizations worldwide are increasingly impacted by emerging, complex challenges that could materially affect their ability to achieve their goals. In this rapidly changing environment, business leaders are looking for more than historical views, complicated models, and generic broker benchmarks to manage risk. They need real-time, actionable insights tailored see around the next corner and plan for what's ahead.
Our analytics solutions empower you with knowledge, expertise, and insights to navigate today's environment, track and anticipate emerging risks, make better business decisions, and lead your organization with confidence.
Using Marsh’s leading data, analytics, and technology, you get risk intelligence to help you better plan, finance, and deliver risk management strategies that align to your leadership team's objectives.
Our innovative solutions can help reduce your cost of risk and provide a foundation to create a robust risk We use a three-step approach to help you:
Determine: First, we work with you determine your risk exposure and focus.
Quantify: Next, we help you quantify your risk.
Manage: Finally, we work with you to determine how to manage your risk.
Managing risk can be a complex task. Having analytic tools to evaluate risk exposure and impact is essential to managing your business and making moves to continually improve your bottom line.
Analytics and technology can help simplify risk management. Data and risk analysis, backed by tools and a solid strategy, can give your business the essentials to monitor, mitigate, and manage risk. Leveraging analytics enables robust:
When risk analytics are rigorously applied, you’re better equipped to address ever-changing processes, evolving regulations, and economic conditions. This means you have more tools to implement strategies that focus on meeting bottom line business goals.
We live in a modern and accelerating risk environment. Having analytic tools is essential to mitigating risk in a way that enables you to stay focused on business agenda items. Some of the potential benefits of risk analytics for your business can include:
Simply put, risk analytics can prepare your business for the immediate future and beyond.
Advancements in artificial intelligence (AI) and predictive technology have significantly expanded the capabilities of risk analytics, accelerating adoption rates across organizations. As processing capabilities and software continue to grow in sophistication, some emerging trends include:
With the increasing sophistication and accessibility of risk analytics, organizations should consider investing in and integrating this capability into their risk management initiatives and strategies to achieve greater planning accuracy, take proactive measures, and reduce exposures.
Risk analytics offer business leaders the ability to reduce their total cost of risk through capabilities such as:
In today’s complex risk landscape, risk analytics offer leaders the opportunity to monitor, assess, and address risk with greater confidence.
Risk analytics is a critical component of creating a comprehensive and effective risk management plan. Risk analytics takes the guesswork and subjectivity out of the planning process, instead of solely relying on opinions and limited historical data to identify future trends.
For decision makers and stakeholders, the use of risk analytics typically results in a stronger, more accurate approach to risk management planning.
Big data is a crucial tool in risk management as it helps organizations to evaluate disparate data from multiple sources. By pulling from a larger pool of data, the insights generated by risk analytics are more accurate due to the size of the population being extrapolated from.
In today’s rapidly changing risk landscape, business leaders need more than historical views to manage risk, allocate capital, and achieve results. Risk analytics should be placed at the center of decision making and planning.
Head of Consulting Solutions, China