Marsh launches real time risk management benchmarking portal

Marsh has launched a real-time industry benchmarking reporting service on purchasing and pricing trends in the United States.The service is available through Marsh’s ‘Global Benchmarking Portal.’ It covers 20 major industry groups, as well as cross-industry reports on property, casualty and financial and professional lines. The portal contains information on 90,000 policies, covering $50 billion in premium placements, $4 trillion in limits and $15.5 trillion in total insured value, a Marsh release says.By using the service, commercial brokers can provide clients and prospects with up-to-the-minute reports on historical rate changes, shifts in limits and retentions, levels of limits and retentions bought and pricing in relation to exposure.