Risk Consulting

Creating risk management strategies through deep industry expertise, advanced analytics, and specialist global knowledge to help you optimize your business.

Managing risk in today's environment is complex. It becomes even more complicated when global events such as pandemics, cyberattacks, geopolitical upheavals, or supply chain disruptions affect not only your business and employees, but also your customers, suppliers, and the economies in which you operate.

Faced with more frequent and unpredictable risks, leaders feel pressure from their boards, investors, customers, and regulators to better anticipate and minimize the impact of risks on their business’ bottom line and operations. This is more challenging than ever, as the risks of today and tomorrow are more difficult to identify, understand, quantify, and manage.

Marsh Advisory's Consulting Solutions team helps you continually uncover insight into the most pressing business risks — and build roadmaps for better outcomes. Our team works closely and collaboratively with you to implement changes that impact financial improvement, helping you manage volatility while enhancing your risk management culture and, ultimately, bottom line. Combining specialized expertise and advanced analytics, we enable businesses to spot emerging opportunities with confidence.

We are your trusted partner as you adopt and implement new strategies to help reduce risk exposure, improve profitability, and strengthen organizational resilience.

Strategic Risk Consulting

18/08/2023

Business Analytics and Data Management

21/09/2022

man on each chair twith social distancing sign on it

Pandemic Risk

25/03/2022

Insolutions (Legacy Claims Investigation)

19/07/2021

Claims Cost of Risk Consulting

19/07/2021

Case Study

Managing the transition: TCFD roadmap for an energy business

18/08/2023

Modern residential apartment buildings with trees

Case Study

Overcoming risk blind spots for a real estate firm

18/08/2023

Man holding two jigsaw puzzles put together, business management concept and business risk management. Business solutions, success and strategy concept.

Case Study

Building a resilience plan for a Rental company

18/08/2023

Construction Civil Engineer use technology software through tablets to scan building construction and inspection to show augmented reality in work, Building information model or BIM concept

Case Study

Building materials company develops an integrated approach to manage cyber crises

18/08/2023

Silhouettes passenger airport. Airline travel concept.

Article

How will the energy transition impact the aviation industry?

22/05/2024

Podcast

Risk in Context Podcast: Developing a pathway to managing natural catastrophe risks

14/05/2024

Multi-ethnic business people smiling during a meeting in conference room. Team of professionals having meeting in boardroom.

Podcast

Risk in Context Podcast: Building a resilient organization

09/04/2024

Young black businesswoman in office working on laptop

Podcast

Risk in Context Podcast: Women embracing opportunities in the risk and insurance industry

05/03/2024

Business people in a meeting from birds eye view.

Podcast

Executive strategies for managing risks amid a turbulent outlook

30/01/2024

Article

Building a risk resilience strategy

22/11/2023

FAQs

Essentially, a risk advisor learns about the pressures, risks and opportunities surrounding your specific business and the wider market. Everything from political risk to financial crime is analyzed in the right perspective, showing how it may affect what you do. Research and analysis of critical data is a major element of risk advisory services, but so is deep industry knowledge, as well as the ability to collect and draw insights from complex information. It is essential for organizations hoping to anticipate and mitigate risk and develop risk management strategies in the face of turbulence. You can plan ahead for risk.

The best risk consultants are a trusted advisor, helping you develop risk strategy unique to your industry and specific business goals. We leverage proven methodologies and models built on what we’ve been learning for many decades. Therefore, you have a confident response to the rich, ever-changing variables that affect business around the globe. It’s not just about managing and recuperating the cost of risks, but preventing them from ever happening – and turning them to your advantage to advance profit, capital, and innovation opportunities.

With our assistance, you’re able to:

Make smarter decisions: Our risk consultants have a deep understanding of the type of risks you may encounter, such as the industry or political risk, based on a significant amount of trend and data analysis. In addition, we are embedded within regions ourselves for even sharper insights. We’ve developed extensive risk mitigation and management strategies, helping our clients plan for unforeseen events.
Effectively communicate risk goals and strategies: Getting everyone on the same page is crucial for risk management to launch and thrive. We can help you facilitate an ongoing conversation between key stakeholders, so you have buy-in and a shared realistic understanding of the outcomes you are working towards.
Increase productivity: Many risk departments are being forced to do more with less. Risk consultants can extend your team, scaling up or down with business needs. We also allow you to tap into a pool of highly specialists that may be needed for a specific situation or challenge.
Improve operations: We can work with you to build proactive business risk management processes and practices, thereby reducing and preventing the chance of business interruption. We conduct a full audit of risk management processes, assessing gaps and streamlining changes. This can reduce compliance risk that could result in fines or criminal charges.

Typically, we look at an enormous range of risk – from enterprise risk management to specialist financial, manufacturing, supply, software, and environmental concerns. Thanks to our size and global reach, Marsh has wide ranging solutions to counter risk at every turn. Yet some of our more persistent areas of attention include:

Property engineering and loss control
Valuation services
Property risk modeling
Risk quality assessment
Risk management and claims advocacy
Casualty risk
Workforce solutions
Employee management
Workers compensation
Regulation and compliance issues
Health and safety consulting
Ergonomics
Loss prevention and mitigation
Cybersecurity
Enterprise risk management
ESG risk management
Supply chain
Business continuity management
Crisis management
Claims management
Captives management

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.

Risk Consulting