Marsh expands real-time analytics platform

Marsh has expanded its analytic solutions across the firm globally with recent changes to its real-time Marsh Analytics Platform (MAP).

MAP – which helps clients quantify and manage risk financing through a combination of data, analytics and technology – is now being backed by a proprietary global loss database, a trained global team of sales professionals and hundreds of devices with the industry’s only mobile content-delivery platform, known as iMAP, notes a statement from Marsh, a global insurance broking and risk management company.

Marsh reports that use of MAP, which helps leverage a holistic look at risk financing, has helped some clients experience as much as 10-to-one returns on investment and 5% to 15% cost savings.

“The MAP solution is fundamentally about giving senior leaders a holistic view of risk that can enable them to confidently move forward with strategic decisions in today’s increasingly uncertain global business environment,” Peter Zaffino, president and CEO of Marsh, says in the statement.

Marsh has used iMAP — the mobile version of the platform — to assist thousands of clients large and small in evaluating risk financing through a dynamic, real-time and customized experience, the statement notes.

“The significant rise in the level and complexity of emerging risks is driving a change across our industry that requires new, forward-looking solutions,” John Drzik, president of Marsh Global Risk and Specialties, points out.

MAP uses the company’s loss data library – which has more than US$300 billion in aggregate claims, as well as data from numerous countries and industries – to help answer what losses have not happened yet, but could. This is a critical first step for clients to gain a more complete look at risk and optimal risk financing solutions, the statement notes.

“With that foresight, combined with careful analysis of a broad range of company-specific financial data points, Marsh can assist a company in determining its unique risk appetite and tolerance positions,” the statement adds.