Today’s businesses need to tackle multiple challenges regularly: property and casualty, cyber, reputational, and other risks. Marsh Risk Consulting can help. We have more than 800 issue- and industry-specific, on-staff experts in more than 40 countries around the globe – experts who understand risk from our clients’ perspective. We also have some of the best claims recovery people in the business, who have managed some of the largest and most complex claims in history.
We provide clients with strategic advice and innovative solutions across a wide range of insurable and non-insurable risks. Unlike management consulting firms with risk divisions, risk is our sole focus – which is why companies consistently call upon us to handle their most challenging business issues.
We manage risk strategically, with bespoke solutions designed to meet not only risk management objectives, but also overall business goals. Using industry-leading data and analytics, we evaluate exposures and risk management program gaps, helping clients determine their return on investment and make informed decisions about program adjustments and direction.
In short, Marsh Risk Consulting helps companies change their risk profiles so they can improve resiliency, reduce claims, and minimize costs. We can help you understand the likelihood and impact of diverse risks on your operations, and monitor, manage, and reduce the impact of those risks. You can recover from losses faster, take advantage of emerging business opportunities, and achieve business objectives.
Business Analytics & Data Management
Marsh Risk Consulting has access to award-winning data management and analytics tools and expertise, so you can use data to help make more informed risk management decisions. MRC helps you use data to make more informed risk management decisions and optimize the value of your insurance program.
Marsh Global Analytics, for example, helps you evaluate and benchmark your risk exposures and assemble the proper data to make optimal risk financing decisions with confidence. You can then share the data with your insurer to obtain the right levels of the right coverage for your organization – and potentially save on premium costs. In addition, Marsh’s RiskIQ team can help you mine, manage, benchmark, and extract value out of your risk data.
Business Continuity & Supply Chain Management
Marsh Risk Consulting’s Supply Chain Risk Management (SCRM) Practice undertakes a comprehensive review of supply chain exposures. It begins by mapping the internal and external supply chains (including services) and continues with consideration of the key operational processes or services – and potentially critical failure points. We can also include a natural hazard risk map of suppliers using our exclusive broker access to a natural hazard zone database.
We work with our colleagues and clients around the world to challenge existing protocols in insurance placement, claims, analytics, legal, and service. We aim on avoiding “anything that interrupts business” and adopt an approach that seeks to remove the historic blinders that have kept the focus largely on property-damage business interruption.
Claims & Financial Advisory
Marsh Risk Consulting’s Financial Advisory Services (FAS) Practice provides expert assistance in the quantification and measurement of damages, economic claims, and losses, which can help you achieve a superior recovery and/or minimize losses resulting from catastrophic events, litigation, or disputes.
Our multidisciplinary team of experts delivers world-class forensic accounting, investigative, construction, product recall and liability, valuations, dispute advisory, and insurance claim preparation and advisory services. We are able to deploy colleagues anywhere in the world at short notice, assisting you with local language, customs, and regulatory issues.
Enterprise Risk Management
Marsh Risk Consulting’s Enterprise Risk Management (ERM) Practice can help you to identify, assess, and quantify risks and controls for your organization, projects, and initiatives. We devise strategies to reduce your risk and its associated costs, strengthen risk management, and create assurance around future loss expectancies.
Integrating risk finance, risk management, and business continuity programs enables us to help you improve the resiliency of your organization, while applying specialist advice and analytics in areas such as supply chain, crisis management, cyber, and business interruption enhances your preparedness for “tail risk”.
Property Risk Consulting
Marsh Risk Consulting’s Property Risk Consulting Practice delivers a wide range of value-added property risk engineering and loss control identification, assessment, and mitigation consulting solutions. These solutions span the lifecycle of a property and its operation, including planning, design, construction, maintenance, renovation, and disposal.
Our property risk experts provide you with salient information to make informed decisions about the risks to your property portfolio and your business. Using Marsh Risk Consulting’s globally consistent approach and proprietary technology, you can develop a sound strategy that both aligns with your business objectives and effectively manages property-related exposures.
Strategic Risk Consulting
Marsh Risk Consulting’s Strategic Risk Consulting Practice provides business continuity and supply chain, crisis management and reputational risk, and enterprise risk and resiliency services to ensure that the right organizational plans, processes, and procedures are in place to prepare for, mitigate, and manage risk.
Marsh Risk Consulting’s Workforce Strategies Practice can bring experienced, credentialed experts to the table to help your organization with risk management, workers’ compensation cost containment, and workplace safety.
Employing our proprietary Continuous Risk Improvement (CRI) process, our consultants help you achieve optimal performance and create lasting change in your organization. By relying on Marsh Risk Consulting’s expertise and innovative solutions, you can meet the labor and financial objectives and expectations of your key stakeholders, including board of directors, the c-suite, the government, and/or employees.