Over the past several years, the chemical industry has gone through a remarkable transformation. The need for product innovation and market leadership has increased. And, the dramatic economic expansion in emerging countries, high volatility of feedstock, ongoing portfolio restructuring, and constant pressure from regulators have also significantly affected the industry.

The chemical industry is now entering a period of uncertainty. The global recession, weak demand and credit crunch are having a deep impact on the chemical sector, forcing many companies to engage in restructuring efforts. Strategies and business models are changing fast as is the risk landscape of many chemical companies. The current trends have given rise to a more complex and costly risk management environment where risks are becoming increasingly interdependent.

Marsh's commitment to industry specialization creates a truly differentiated client experience — an experience based on brokerage excellence, analytical rigor, deep intellectual capital and seamless access to unrivalled global talent. Strong industry expertise is particulary relevant during challenging times when restructuring companies are looking to reduce their total cost of risk.

Marsh Chemical Industry Practice provides risk management services and cutting-edge risk solutions for organizations involved in the production, importation and use of chemicals. Organizations that benefit from our services and solutions include specialty chemical companies, fine and intermediate chemical companies, petrochemical companies as well as industries where the use of chemicals form a significant part of their business activities, such as agrochemicals, industrial gases and household and personal care products.

This challenging environment has given rise to a new set of risks as well as heightened concern with traditional exposures. We continue to be innovators in responding to the emerging trends in the industry and have developed a broad range of insurance solutions and consulting services that include:

• Customized benchmarking reports
• Property loss control and natural hazard modeling
• Product liability claim and mass tort litigations
• Environmental consulting
• Solutions around plants closures, restructuring and bankruptcy
• Forensic accounting and property valuation services
• Value Stream mapping and supply chain consulting
• Mergers & Acquisitions due diligence
• Crisis management planning and training
• Chemical security assessment
• Human capital screening (background screening)
• Enterprise risk management

With our integrated risk management solutions and benchmarking capabilities, combined with access to the services of other MMC entities, Marsh offers chemical organizations a full spectrum of services and expertise to help them succeed in their changing environment.

Related Information

Our Latest Chemical Risk Benchmark Report is Now Available

Brochure: Crisis Preparedness for the Chemical Industry

Webcast: Chemical Industry Security Risk Webcast

Contacts

Chemical Security Regulations Update

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