A combination of data, analytics, and technology can allow you to take a holistic approach to risk which informs your business decisions and aligns with your corporate objectives.
Since the advent of bitcoin – the first digital currency – in 2009, and blockchain, the payment network technology over which cryptocurrencies are transacted over, the number of cryptocurrency users has consistently grown.
As Solvency II beds down as part of insurers’ daily business, many are looking to extend their internal model to include operational risk.
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.
With insights from the Marsh Analytics Platform (MAP), you have a holistic view of risk to move forward confidently with strategic plans in today’s modern risk environment. MAP facilitates a real-time, dynamic conversation about your risk financing options. Using MAP’s multi-step process, you can gain:
Marsh's iMAP, the industry’s only mobile analytics platform, helps you navigate, in real-time, massive amounts of data related to exposure, claims, and placement information — all in a dynamic, customised, and easy-to-understand experience.
Marsh has used iMAP to help evaluate risk financing for thousands of clients – from large, multinational organisations to smaller, regional businesses in multiple industries, including aviation, chemicals, construction, energy, financial services, health care, manufacturing, professional services, real estate, retail, transportation, and others.
By leveraging our unmatched claims database, we are uniquely positioned to answer the question, ‘What losses might we incur?’ The Marsh Global Loss Data Library represents more than US$300 billion in aggregate claims. Our database contains losses in dozens of countries around the world, and more than 20 industries, to provide you with a more complete picture of current and emerging trends in risk.
The traditional measure of risk exposure, total cost of risk (TCOR) does not typically account for fluctuations in loss from year to year as it typically only calculates premium and retained claims costs. In the modern risk environment, senior leaders need to understand and account for this volatility. Our ECOR measure looks at volatility through an implied risk charge (IRC), which is added to the traditional TCOR equation. IRC calculates the cost of volatility that is unique to each company through a combination of risk volatility and cost of capital. Our ECOR analytical framework integrates risk management decision making and financial planning.