Managing risk in today's environment is complex. It becomes even more difficult when global events such as a pandemic, cyberattack, geo-political upheavals 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 minimizing the impact of risks on their business’s bottom line and operations. Today's risks are harder to identify, understand, quantify, and manage.
Marsh Advisory's Consulting Solutions team helps you continually uncover insight into the most pressing business risks and build roadmaps for better outcomes. Our team works closely and collaboratively to implement change that impacts financial improvement, helping you manage volatility and enhance your company culture. Combining specialized expertise and advanced analytics, we enable businesses to spot opportunities with confidence. You’ll adopt and implement new strategies to help reduce risk exposure, improve profitability and strengthen organizational resilience.
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. Utilizing 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 organization.
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:
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: