Risk Consulting

In today’s environment, it takes a combination of strategic advice and innovative solutions to manage risk and ensure business resiliency.

Today’s businesses need to manage a multitude of risk issues, often on a daily basis. Marsh Risk Consulting can help you to meet these challenges, because our experts work together with you to understand risk from your perspective. This approach enables us to provide you with bespoke strategic advice and innovative solutions across a wide range of insurable and non-insurable risks. Our sole focus is risk management – which is why you can consistently call upon us to handle your most challenging business issues.

We help you to manage your organisation’s risk strategically, with bespoke solutions designed to meet not only your risk management objectives, but also your overall business goals. Using industry-leading data and analytics, we evaluate your exposures and risk management programme gaps, helping you to determine the return on your investment and make informed decisions about programme adjustments and direction.

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.

The result: We can help you change and manage your risk profile in such a way that improves resiliency, reduces future claims, and minimises risk costs.

Why Business Continuity Plans Fail

Many companies have risk management programs in place, but still fall short on several aspects that could undermine their ability to cope with a crisis.

big container ships across ocean

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:

  • Make informed decisions: A risk consultant understands the types of risks that can impact your business, studies the latest risk trends and data affecting your industry, and has experience developing mitigation and management strategies and plans. This knowledge puts you in a better position to plan for unforeseen events and advise your business on optimal risk management strategies.
  • Effectively communicate risk goals and strategies: Risk management and mitigation starts with conversing about the problem and potential solution. Hiring a risk advisor means getting involved in an ongoing conversation that puts your entire team on the same page and makes it easier to work together to form a solution.
  • Increase productivity: Many risk departments are being forced to do more with less. Risk consultants can act as an extension of your team and give you the ability to scale up or down based on your business needs.
  • Improve operations: Risk consultants can audit your existing risk management processes, identify inefficiencies, and create plans to streamline them.

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:

  • Property engineering and loss control
  • Valuation services
  • Supply chain
  • Regulation and compliance issues
  • Health and safety consulting
  • Ergonomics
  • Loss prevention and mitigation
  • Cybersecurity
  • Enterprise risk management
  • Business continuity management
  • Crisis management
  • Claims management 

Our people

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Benny Chen

Head of Consulting Solutions, Taiwan