Sales Leader, Senior Vice President
Organisations worldwide are increasingly impacted by emerging, complex challenges that could materially affect future goals. In this rapidly-changing environment, business leaders need more than historical views to manage risk, allocate capital, and achieve results: They need to see around the next corner.
Marsh Global Analytics is uniquely positioned to help. Using an unmatched combination of data, analytics, and technology, we empower clients of all sizes and across industries to quantify and manage their risk financing.
By leveraging Marsh’s deep pool of claims, exposure, and placement data across industry, size, geography, and product, you can conduct holistic, forward-looking planning. This helps you dynamically explore risk financing options, and determine your optimal risk financing structures and risk mitigation investments.
We deliver advanced analytics through our ground-breaking, mobile Marsh Analytics Platform (MAP), which combines a forward look at risk with a customised financial view to analyse and measure both insurable and non-insurable risks.
As a result, you can confidently move forward with strategic business decisions and put capital to optimal use, unlocking opportunity and growing your business.
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.
Sales Leader, Senior Vice President