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Expertise

Enterprise Risk Management

We analyse risk from an integrated perspective, exploring risk relationships within your organization to help you gain a more sophisticated understanding of your company’s material risks, support decision-making, and drive value creation.
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Proven

A streamlined process to help you assess your ERM program, identify material risks, and develop mitigation strategies.

Prioritized

Quantitative analysis of possible actions to take with respect to each risk and each program enhancement opportunity.

Enterprise-wide

Creation of a holistic, risk aware culture and program for a more proactive and sophisticated understanding of material risks that supports critical initiatives.

Fractured supply chains, climate crises, geopolitical tensions, and economic uncertainty have altered the way businesses need to plan and operate. Identifying and managing critical risks is not only an essential business practice, but an imperative in this challenging environment. With this year’s Global Risks Report confirming that volatility in multiple domains is accelerating the risk of polycrises (interrelated environmental, geopolitical, and socioeconomic risks), never has it been more important to understand the risks impacting your business and strategy.

Enterprise risk management (ERM) can help organizations navigate these uncertain times, but for it to be most effective, it should be customized, quantitative, and truly embedded within key decision-making. As a structured, consistent, and continuous risk management process applied across an entire organization, ERM allows companies to better understand and address material risks. Corporate boards, ratings agencies, and regulatory bodies are among the key drivers for advancing ERM.

The implementation of ERM can facilitate better capital resource allocation decisions, increase operational efficiency, and enhance a company’s risk culture to support critical strategic, compliance, and governance initiatives. This includes strengthening an organization’s overall environmental, social, and governance (ESG) efforts by acting as an overarching management tool that helps bridge compliance and cultural awareness.

Marsh’s Advisory ERM consultants have a wealth of knowledge and experience working with organizations of all sizes and industry sectors to help them better analyse and manage risk. Our team focuses on providing you with support and advice to help you improve your ERM programs, link to sustainability and governance initiatives, and develop frameworks to ultimately protect and drive value.

Our holistic approach helps you identify and assess existing and emerging risks, while developing qualified and prioritized opportunities for program enhancements and mitigation investments such as:  

  • Enterprise risk assessment
    • Risk identification, assessment, and prioritization
    • Risk analysis and critical risk review
    • Risk quantification
  • Framework design, implementation, and reporting
    • Current state analysis of ERM program
    • ERM framework development, including governance and reporting
    • Risk appetite and strategic alignment
    • Organizational implementation
    • Technology strategies

Why Marsh

Our approach to enterprise risk strategy and management has helped clients across multiple industries, including healthcare, food and beverage, oil and energy, financial services, retail, professional services, fast-moving consumer goods, higher education, and many more. Whether your company is just in the early stages of exploring ERM strategy planning or has an established framework in place, Marsh Advisory’s Enterprise Risk Management team can help you develop a program to meet your organization’s needs.

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