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MARSH BRINGS CLIENT SERVICE INTO THE THIRD DIMENSION BOOSTING RISK MANAGEMENT R.O.I.
Marsh 3DSM Taps World-Class Capabilities To Help Clients Attack Key Risk Cost Drivers, Achieve Measurable Gains
New York, April 26, 2010 — As businesses are confronted with the challenges and pressures in this age of relentless acceleration, they require a strategic approach to risk management that can steer them through increasingly complex times. As an innovative leader, Marsh today launched Marsh 3D, a dynamic strategic risk planning solution designed to help clients worldwide maximize the return on their risk management investment.
Available worldwide, Marsh 3D uses rigorous cost-benefit analysis to help clients determine the best use of their capital and the most appropriate allocation of their resources. Marsh and clients work together in a three-year strategic planning process to design and execute solutions that address key risks and drive efficiencies over 12-, 24-, and 36-month horizons. Results track with the client's key performance indicators to measure the value of risk management on the client's overall business.
Marsh 3D draws on Marsh's extensive experience, multinational service platform, and powerful analytics and tools to help clients identify opportunities and achieve results. The solution targets each element of risk management — from risk identification through quantification, design of solutions, execution, and claims advocacy.
"Today, effective risk management requires greater sophistication and deeper analytics to respond to emerging risks and other challenges. All related expenditures must demonstrate a measurable return on investment that meets the firm’s overall financial requirements," said Timothy Mahoney, president of Marsh's Global Risk Management Division. "Clients using Marsh 3D are engaged in a dynamic process that establishes metrics, helps them to design and validate their risk management priorities, and achieve measurable results."
In realizing the advantages of Marsh 3D, clients can align their risk management objectives more precisely with their firm's overall business strategy. Marsh uses its analytical tools to design mitigation strategies tailored to the client’s industry, geographic footprint, size and scope of its operations, and the complexity of its risk profile.
Marsh 3D encompasses modeling and assessment of traditionally insurable risks, as well as emerging and non-insurable exposures. Risk management ROI is tracked on a quarterly basis by both the client and Marsh through client dashboards that display key risk management goals and objectives; critical risk issues; GAP analysis of existing and emerging risks; cost-benefit of pre-loss, risk financing, and post-loss solutions, and other aspects of the client’s risk program.
"Clients who implement Marsh 3D emerge with a more comprehensive understanding of the emerging risks in their business and a holistic approach to their risk strategies," said Mr. Mahoney. "A key element of the process involves collaboratively defining specific immediate and long-term goals for improving the ROI of the client's risk management approach."
More information on Marsh 3D is available through Marsh client executives or by email to .
About Marsh
Marsh has over 23,000 employees and provides advice and transactional capabilities to clients in over 100 countries. Marsh is a unit of Marsh & McLennan Companies (MMC), a global professional services firm with approximately 52,000 employees and annual revenue of $11 billion. MMC also is the parent company of Guy Carpenter, the risk and reinsurance specialist; Kroll, the risk consulting firm; Mercer, the provider of HR and related financial advice and services; and Oliver Wyman, the management consultancy. MMC’s stock (ticker symbol: MMC) is listed on the New York, Chicago and London stock exchanges. MMC's Web Site is www.mmc.com.
Media Contacts
Al Modugno
212-345-2448
Anand Poola
212-345-4292
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