Posts Tagged ‘Marsh & McLennan’



May 15th, 2019

The Middle East and North Africa Risks Landscape

Posted at 1:00 AM ET

mena_risks_briefing_paper_cover-thumbnail1The results of climate inaction are becoming increasingly clear. The year 2018 was the fourth warmest on record (1). In the MENA region, Algeria had the hottest temperature - 51.3ºC - ever reliably recorded across the whole of Africa, and Oman recorded a minimum temperature of 42.6ºC (2). Rising temperatures led the United Nations to warn that melting ice sheets were causing sea-level rise to accelerate. The World Bank identified 24 port cities in the Middle East and 19 in North Africa at particular risk of rising waters (3).

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April 10th, 2019

Healthcare & Cyber Risk – Takeaways

Posted at 1:00 AM ET

Here are the five key takeaways from the study Holding Healthcare to Ransom by Marsh & McLennan Companies Insights.

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March 5th, 2019

Identifying and Responding to a Dysfunctional Culture

Posted at 1:00 AM ET

Loss of clients, mass employee walk-outs, shareholder lawsuits, stock price drops, hundreds of CEOs and executives turnovers, and countless daily instances of organizational inefficiencies - these are just some of the recent impacts of cultural dysfunction.

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October 4th, 2018

Marsh & McLennan Cyber Resilience Insights Microsite

Posted at 1:00 AM ET

As we enter National Cybersecurity Awareness Month, a new resource from Marsh & McLennan Companies collates the best insights on cyber resilience from across the firm and its strategic cyber partnerships. Continue reading…

September 27th, 2018

Cyberattack – Limiting Financial losses

Posted at 1:00 AM ET

In the event of a debilitating attack, cyber insurance and associated services can limit an organization’s financial damage from direct and indirect costs and help accelerate its recovery.

In the study Cyber Risk Management: Response and Recovery, from Marsh & McLennan Companies Global Risk Center and WomenCorporateDirectors, an example is provided that as a result of the NotPetya attack, one global company reported a decline in operating margins and income, with losses in excess of USD500 million in a fiscal year. Continue reading…

July 16th, 2018

In Risk Management ‘Tried’ Technology Has Staying Power

Posted at 1:00 AM ET

Treasury and financial managers remain hesitant to try newer and more efficient risk management tools. A survey of finance professionals found that 97 percent use spreadsheets to manage risk while only 28 percent believe they are efficient risk management tools; this according to the 2018 Association for Financial Professionals (AFP) Risk Survey, which was produced in collaboration with Marsh & McLennan Companies Global Risk Center. Continue reading…

June 12th, 2018

A Heightened Focus on Cyber Response and Recovery

Posted at 1:00 AM ET

Over a third of directors of U.S. public companies now discuss cybersecurity at every board meeting. Cyber risks are being driven onto the agenda by high-profile data breaches, distributed denial of services (DDoS) attacks and rising ransomware and cyber extortion attacks. The concern about cyber risks is justified. The annual economic cost of cyber-crime is estimated at USD 1.5 trillion and only about 15 percent of that loss is currently covered by insurance.

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May 9th, 2018

Digitizing the Risk Function is a Strategic Imperative

Posted at 1:00 AM ET

As organizations navigate unpredictable economic headwinds, a rapidly-evolving technology landscape and shifting socio-political and regulatory trends, risk management is becoming an increasingly crucial function. In order for the risk function to properly manage the uncertainty ahead, it is crucial that it recognize the large technology dividend to be gained by leveraging three key capabilities: data, analytics and process automation.

Despite budgetary constraints and lack of support from senior management, the long-term benefits of these technologies both for the risk function and the organization will greatly outweigh their initial costs. “Targeting a Technology Dividend in Risk Management,” a new report from the Marsh & McLennan Companies Asia-Pacific Risk Center and the Pan-Asia Risk and Insurance Management Association (PARIMA), explains the why and how of digitizing the risk function.

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April 19th, 2018

Cyber Insurance Adoption is Increasing

Posted at 1:00 AM ET

The role of insurance in enhancing cyber resilience is increasingly being recognized by policymakers around the world, and the Organisation of Economic Co-operation and Development is recommending actions to stimulate cyber insurance adoption. Globally, it is expected the level of future demand for cyber insurance will depend on the frequency of high-profile cyber incidents as well as the evolving legislative and regulatory environment for privacy protections in many countries. In India, for example, there was a 50 percent increase in companies buying cybersecurity coverage from 2016 to 2017.

A new report from Marsh & McLennan’s Global Risk Center and WomenCorporateDirectors outlines everything directors need to know to position cyber insurance within a comprehensive risk management framework.

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