The scope, type, and frequency of disruptive events have changed dramatically in the last 10 years. ‘Traditional’ and emerging risks can damage an organization’s financial health and shareholders’/stakeholders’ confidence, corporate reputation, and can even drive a company out of business. Insurance programs, though they may be able to reduce financial impact, are not always enough to protect a company’s reputation and maintain its market share. But, by focusing on business interruption risks and developing strategies designed to reduce and mitigate such risks, Marsh can help organizations in their efforts to retain and gain further competitive advantage and safeguard reputation during business disruptive moments.
Marsh’s Business Continuity Risk Management (BCRM) consultants have the unique ability to integrate customized business continuity and resiliency solutions into your company’s overall risk management strategy. When implemented, a strategic business continuity risk management plan can put you in a better position to reduce, mitigate the impact of, and recover quicker from, disruptive events. Additional benefits may include:
- Protection of market share, brand value, and shareholder value
- Greater understanding of total cost of risk and risk spending
- Better tactical and strategic operational decisions through enhanced risk awareness
- A strengthened controls environment
Enterprise survival strategy and vision
We work with you to understand your organization’s current state of business continuity planning, identify a vision or end-state, perform a gap analysis, and then develop a strategy that will help lead your organization to its vision. Typically this analysis includes:
- Defining key business objectives and stakeholders
- Determining critical business processes or functions and resources
- Reviewing your current risk management system and assessing whether it addresses your key business objectives and critical processes
- Identifying gaps between current situation and the end-state vision
- Developing policies and strategies designed to achieve that vision
Integrated risk and impact analysis
Understanding your business risks is an integral component of a business impact analysis. This includes identifying those functions essential to the ongoing survival of your business and assessing the potential impact of various scenarios to understand the degree of potential loss that may occur.
BCP program viability
To assess a plan against a real disruptive situation, Marsh evaluates your organization’s current business continuity plans and process for real world viability. Additionally, Marsh can assist clients in testing and exercising their plans’ viability.
Design and integration of a business continuity program into the risk management program
Marsh can help you to integrate emergency response/business continuity program management into your organization’s overall risk management program to enable ongoing program viability and readiness.
Organizational training and awareness programs
Our consultants can help you develop business continuity training and awareness programs designed to promote a culture of survivability across the organization.
Pandemic preparedness and response
Your ability to properly respond to a pandemic event is key to protecting your people and your business. We help you develop a viable plan designed to support your efforts to properly and adequately respond to, survive, and recover from a pandemic event.
Post-event support services
We utilize resources from across the firm to take an in-depth approach to business continuity planning that includes having the necessary post-event support in the areas of human capital support.