Ben Fidlow, National Practice Leader, Marsh Business Analytics, discusses the paramount importance of governance responsibilities and greater transparency to a company’s success. Casualty hazard risk provides a large and variable expenditure for most large corporations. Given the substantial costs, there exist large amounts of data that can be used to quantify the risk. For this reason, it is essential that any casualty risk transfer decisions be based on an accurate representation of the range of possible loss outcomes. Due to the substantial heterogeneity and uncertain nature of casualty risks, analyses-which evaluate the corresponding variability-create immediate value as large costs and major areas of uncertainty can be reduced or mitigated.
March 7th, 2011
Posted at 1:00 AM ET