Public sector organizations are under increasing pressure to deliver services on a diminishing budget. Apart from the obvious operational challenge that this presents to your organization, strategically it is likely to drive a shift in your tolerance and appetite for risk. In budget-constrained environments, public sector entities must balance pursuing opportunities with addressing needs, such as aging infrastructure, disaster preparedness, law enforcement liability, and cyber risk preparedness.
Effective management of risk plays a key role in meeting these challenges. That’s where Marsh can help.
Marsh is seriously committed to the public sector. A key differentiator lies in the expertise of our Public Entity Practice that has been part of our company since inception. This practice is structured to share information and expertise for your benefit.
Your local service team is supported by our national and global network of over 550 Marsh public sector professionals that will be your trusted advisors with the resources and in-depth knowledge of the business of government. Our full-time global public entity team, helping more than 400 state and local governments and other public organizations, monitors the current trends within the industry from all perspectives – legal, finance, regulatory and insurance – to offer you the best possible guidance for your risk management strategy and to provide customized, cost effective solutions designed to mitigate risk and contain loss.
Marsh consultants can leverage the full value of Marsh & McLennan Companies – Guy Carpenter, Mercer, and Oliver Wyman – to advise you on cost-effective risk management solutions – alongside the innovative use of data analytics and actuarial modelling which enables us to challenge your current risk financing strategy and drive value for money through your procurement of insurance protection.
Our experts will spend time understanding your needs and align your risk financing strategy with your corporate objectives. We will also drive efficiency through the procurement of insurance protection and will only recommend you pass your risk to the market once that risk has clearly been defined and rationalized with you. Our risk management and claims expertise support this more focused approach and can help you remove costs from your operations and improve resilience.
With Marsh as your trusted risk management advisor, you can respond to emergent issues and take advantage of the opportunities they create – all while managing your total cost of risk.