Risk Analytics

We provide actionable insight, powered by data, for confident risk management decisions.

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 to their business to see around the next corner and plan for the challenges — and opportunities — ahead.

Our analytics solutions empower you with knowledge, expertise, and insight to navigate today's environment, track and anticipate emerging risks, make better business decisions, and lead your organization with confidence.

With Marsh’s leading data, analytics, and technology, you can improve your risk intelligence and better plan, finance, and deliver risk management strategies that align to your leadership team's objectives. As a vital part of the Marsh Advisory team, our risk analytics specialists:

  • Provide tailored insights to help you inform your risk management strategy and frame opportunities with greater precision.
  • Connect our analytics, risk management, and insurance experience to deliver insightful business intelligence and risk analysis.
  • Use industry-leading data, modeling, and advanced digital technology in our Blue[i] suite of digital solutions to deliver actionable insights in real time that empower you to make decisions confidently and position you for superior outcomes.

Our innovative solutions can help you reduce your cost of risk and provide a foundation to create a robust risk We use a three-step approach to help you build your risk program.

  1. Determine: First, we work with you determine your risk exposures are and where your focus should be.
    • What are the strategic or financial factors that affect your approach to risk and insurance?
    • Where are your key exposures or losses coming from now, and where have they come from in the past?
    • What is your potential loss volatility outside of experienced losses?
  2. Quantify: Next, we help you quantify your risk.
    • What is the impact of your experienced losses?
    • What is your potential loss volatility outside of those losses?
    • Are your current risk financing and risk management strategies appropriately scaled for your potential exposures?
  3. Manage: Finally, we work with you to determine how to manage your risk management strategies.
    • How can you secure a clearer view of your go-forward risk and loss profile?
    • Are your current insurance program structures and capital allocations financially efficient?
    • Can you unlock additional efficiencies across your full risk portfolio?

Your Marsh advisor can help you work through each of the three steps of the process, or deep dive into any single area where your organization may needs help.

Our work

Learn more about Marsh Advisory's other capabilities

We act as a trusted partner in the face of change, helping clients better anticipate future challenges and capitalize on emerging opportunities through proactive risk advice that builds resilience and confidence.

FAQs

Risk analytics seek to find, correlate, and measure the scale of the threats and uncertainties you’re exposed to. They’re essential for risk management because they help your organization plan and adapt to the risks tailored to your company, building a realistic view of what’s ahead. Whether you’re looking at the potential for fraud, data leaks, environmental concerns, political instability, new technology on the market, or anything else that may disrupt and hold back your business objectives, advanced analytics can lay them all in front of you. They can form the basis for proactive, lasting change.

Increasingly, risk analytics leverage an enormous amount of data to understand what you’re dealing with effectively and what might be improved. Public, private, and in-house company records form the backbone of our analytics models, while more regional or market-specific information are drawn into the analysis as well. Analytics can not only trace the impacts of an event or decision upon your organization, but describe the extent to which it limited or supported your success. From there, you can glean insights for where more risks may arise in the future, as well as today.

After a robust assessment, you can start to compile a risk library, which feeds these insights back into the analytics model whenever a new assessment is undertaken. Your view of potential risks evolves with discoveries from previous analyses. Over time, risk analytics data gets more reliable; machine learning allows tools to gauge your business’ true priorities, based on what has threatened you in the past and how severe it was. Yet accurately quantifying risks you have never encountered before is just as important. They form a rich, practical visualization for potentially likely causes and effects.

It’s almost impossible to lead an organization that doesn’t take complex risks into account. More than ever, your business is tied to ever-shifting variables around the world – anything from criminal and environmental dangers to changing customer tastes, supply chains, data protection responsibilities, and financial governance. One or a combination of these factors at any time may undermine your objectives and day-to-day operations. Businesses attempting to mitigate risk without intelligent, accurate analytics should not have any confidence in a risk management strategy.

Key stakeholders may not always agree on the best way to limit risk unless they see a full, quantified assessment. Reliable analytics therefore lend you more evidence and confidence, which in turn help other leaders agree to the plan. Additionally, machine learning and artificial intelligence can stay in step with the rapid pace at which new risks can emerge. You don’t just have a view of what’s threatening you today, but a continuous model for data analytics across your organization.

With analytics guiding your decisions, a business can drastically reduce the cost of fraud, data theft, supply disruptions, geo-political crisis, or sudden changes in employees and customers. Furthermore, this will allow you to identify red flags early to prevent losses over time.

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:

  • Risk identification: Use specific data points to understand where risk comes from.
  • Risk assessment: Profile each risk and determine its impact.
  • Risk mitigation: Use data to respond to certain risks based on behaviors.
  • Risk monitoring: Measure risk improvements and threats over time.
  • Risk reporting: Reevaluate risks to determine the life cycle and learn from the past.

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 for strategies that are able to meet financial business goals.

Our Blue[i] suite of solutions are Marsh’s next generation analytics suite of digital solutions that deliver our industry-leading data and actionable insights through an intuitive, interactive and engaging platform, allowing you to make critical business decisions with confidence.

The Blue[i] suite of solutions provide insights into risk identification, quantification, and design of programs that can mitigate and finance risks to create economic value across the entire spectrum of risk. Our Blue[i] solutions offer transparency into your organization’s risk issues, and provide you with real-time, customized, insights into your risk financing options.

Our Blue[i] suite of solutions:

  • Allow you to leverage our industry-leading data in an intuitive, interactive, and engaging way.
  • Take the complexity out of reporting, analytics, and modeling.
  • Help you better understand your risks and more strategically manage them.
  • Empower you to make confident risk decisions and communicate them clearly.

Some potential risks are the same as they ever were, whereas many others are taking precedence, demanding unique data from a range of sources and archives. Currently, evolving trends in risk analytics include:

  • Cybercrime such as ransomware, phishing, DDoS attacks, and state-sponsored hacking initiatives
  • The effects of climate change and natural catastrophes such as floods, storms, fires, and blizzards
  • Increasing instability between Eastern and Western countries, with relevant sanctions
  • The risks of COVID-19 within a fully operational workforce
  • Interconnected risks from big data devices, artificial intelligence, and nanotechnology
  • Reputational risks on social media and the internet more generally
  • Automation replacing many jobs in new industries
  • Fluctuating resources such as coal, natural gas, electricity, and green energy
  • Fierce competition from multinational conglomerates or agile startups

Even if your business itself isn’t globalized, you’re still affected by global risks. Measuring the extent of this is a vital element to sound analytics for your organization. From there, a data-driven strategy can arise, keeping you on track to growth and profitability.

Marsh’s analytics specialists give you a single platform to visualize relevant risks and factor in new threats when they come to our attention. With over 800 risk, claims, and industry-specific experts around the world, in more than 40 countries, we have the tools and experience to spot some of the most comprehensive emerging risks in your market. Our people are on the ground in many of the places where significant changes occur. Therefore, we know what to look for, what potential risks may mean, and how they ripple through your activities.

This knowledge informs our risk analysis platform. By leveraging big data and real-time insight from your organization, it offers a custom perspective on your risk exposure. Our team and yours can collaborate to place the right information where it belongs, ready for data assessment, including goals related to your clients, suppliers, distributors, or anyone else who should be taken into account.

As the analysis continues, we’ll advise on the ultimate actions you can take for a resilient business. This may involve changing processes to cope with new demands, adapting management hierarchies, reviewing compliance measures, or restructuring your assets to weather instability and extra financial pressure. Marsh never leaves your side. Our planning assistance can be as persistent or ad hoc as you need.

At Marsh we’re continually analyzing what broader changes in the world mean to certain regions and businesses. Global insurance indexes, financial institution monitoring, local market reviews, fraud investigations, and ongoing conversations with business leaders help us understand which risks you may be facing, as well as those that are only just starting to become notable.

Throughout, we bring the latest risk assessment tools into play. They include impact matrixes, root cause analysis, company policy audits, financial records, and user data from your devices to gauge where issues and opportunities may lie. Marsh uses smart data analytics to spot anomalies in current trends, which can point to emerging risks. But at Marsh, we’re on top of such discoveries – updating you as they arise.

Big data is a crucial tool in risk management. It helps organizations to evaluate disparate data from multiple sources. By pulling from a larger pool of data, analytical insights are more accurate due to the size of the population they’re extracted 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.

Risk analytics offer business leaders the ability to reduce their total cost of risk through capabilities such as:

  • Managing data: Risk analytics can help organizations integrate siloed data into a singular, holistic platform, creating a more unified perspective and generating valuable insights.
  • Proactive risk planning: Risk analytics can help business leaders by providing actionable insights that proactively address industry-related challenges and minimize potential exposures, reducing response times and losses in the event of an actual crisis.
  • Enterprise-wide collaboration: Given the wide-reaching nature of business interruptions, risk analytics help to unify an organization's approach, providing your teams with an understanding of their vulnerabilities and a clear plan to manage them.

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.