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India Newsletter

News and views

Keeping our stakeholders informed about the latest trends, insights, and developments shaping the insurance and risk management landscape in India.
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by Sanjay Kedia , 

CEO, Marsh McLennan India and President & CEO, Marsh India Insurance Brokers Pvt. Ltd

13/12/2024

Welcome to the year-end edition of News & Views

As we close out 2024 and look ahead to the opportunities of 2025, I am pleased to share insights and solutions designed to help you navigate an ever-evolving landscape of risks and opportunities.

In this edition, we address critical areas such as rising medical trend rates, their impact on employer budgets and effective strategies to enhance workforce resilience. Additionally, we delve into actionable solutions for building resilience, including cybersecurity and political risk management.

As we reflect on the year gone by, our goal is to provide you with the knowledge and strategies needed to make informed decisions and set your business up for success in 2025. As always, we are committed to supporting your journey toward growth and success in 2025 and beyond.

People risk 2024

Report

People Risk Report 2024

An investment in your people is an investment in your organisation. Explore our new People Risk 2024 report to discover actionable strategies that HR and risk professionals can take to focus their time, budget and effort on addressing the 5 pillars of people risk.
Health trends 2025

Report

MMB Health Trends 2024

Medical trend rates are beginning to exceed pre-pandemic levels. To help guide employers managing health and benefits plans, we surveyed 223 insurers across 58 countries. We identified four key themes driving costs and risks in medical insurance and share how employers can effectively balance meeting employee needs while managing workforce risk.
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Article

FOB: Today’s Trends and Tomorrow’s Possibilities

Reflecting on a successful series of MMB India's multi-city events. With 1000+ participants and over 30 Panellists from leading organisations, we explored the Future of Benefits: Today's trends and tomorrow's possibilities Report. Key themes included Inclusion and Diversity, Outpatient benefits, Data and Analytics, Flexible benefits, and robust Technology. The 'Future of Benefits' interactive dashboard received overwhelming response. Grateful to our participants, Panellists, and colleagues for another informative session.
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Blog

Six reasons why you should use an Insurance Broker

Protecting your business for growth means knowing your risks and having programs in place to manage them. Insurance and risk management planning is a critical component of building sustainable growth. With the right broker as your partner, you can be confident that the insurance you have will protect your business in the event of a claim.
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Report

Global Insurance Market Index 2024

Discover the latest pricing trends and insights in the insurance industry with the Global Insurance Market Index Q2 2024 results. For a detailed breakdown of the results by region and product level, including property, casualty, financial lines, and cyber insurance.
hacker in the hood working with mobile phone typing text in dark room

Report

Crime Insurance - Pricing and Claims Report

In today's evolving business landscape, factors like technology, financial pressure, data breaches, and generative AI are driving a surge in fraudulent acts. According to the 2024 Global Financial Crime Report by NASDAQ and Verafin, entities worldwide suffered USD 485.6 billion in losses due to fraud in 2023. This exposed serious deficiencies in fraud prevention measures. Marsh India data shows that 56% of fraudulent acts reported in 2022-23 were in India, followed by 19% in the US, 4% in the UK, and 21% in other countries. Read our latest report to know more about crime claims, pricing trends of crime insurance, and solutions offered by Marsh.
Technology and financial advisory services. Business teamwork and working on digital laptop computer with advisor showing plan of investment to clients at table office.

Bulletin

Liability Claims Bulletin (6th Edition)

Introducing the 6th edition of the Liability Claims Bulletin! Marsh clients saw a variety of claims under their Directors & Officers Liability, Employment Practices Liability, and their Commercial General Liability insurance policies in the fourth quarter of 2023. This bulletin highlights seven insightful scenarios, featuring challenges, solutions, and key learnings.
Diverse group of mixed-gender volunteers smiling in an outdoor setting

Activities

Corporate Social responsibility

At Marsh McLennan, we understand the importance of community support in an ever-changing world of risks and uncertainties. With a strong legacy of service, we are committed to making a difference in the communities where we operate and where our colleagues live. By harnessing our collective expertise, we strive to tackle society's greatest challenges and build a more resilient world. Our mission is to drive both business success and social impact, working together to create a brighter future for all. Join us in our journey to make a positive difference in the world. Know more about our initiatives.
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Report

Global Insurance Market Index 2024

Discover the latest pricing trends and insights in the insurance industry with the Global Insurance Market Index Q3 2024 results. For a detailed breakdown of the results by region and product level, including property, casualty, financial lines, and cyber insurance, read the full report.
People Risk Report

Report

People Risk Report 2024

An investment in your people is an investment in your organisation. Explore our new People Risk 2024 report to discover actionable strategies that HR and risk professionals can take to focus their time, budget and effort on addressing the 5 pillars of people risk. By doing so, they can improve the health and resilience of both their people and organisation.
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Report

Political Risk Report

The Political Risk Report serves as your essential guide to navigating the uncertainties of the 2024 political and economic landscape. Based on a thorough analysis of 197 countries and territories, this report offers a concise summary of the key information you need to understand the risks and opportunities for the year ahead.
Health trends 2025

Report

Health Trends 2025

Health Trends 2025, underscores ongoing challenges such as expensive cancer claims, cardiovascular and metabolic health issues, unmet mental health needs, and escalating medical costs. However, significant changes are emerging that require employers and insurers to adapt their strategies. Innovative medical treatments for conditions like obesity and cancer are expected to drive up insurance claims costs. To maintain affordable healthcare, it is essential to explore new plan management options and cost containment strategies while evolving healthcare provision to address the needs of a diverse workforce.
How to build affinity insurance programme

Guide

How to build an affinity insurance programme

Our comprehensive guide, "How to Build an Affinity Insurance Program," provides essential insights into each stage of the process and highlights their potential effects on your program's performance. By taking a straightforward and practical approach, we demystify the challenges and intricacies of creating an affinity insurance program. Within this guide, you will uncover the advantages of affinity insurance, including embedded options, assess whether it aligns with your organisation's needs, follow a detailed step-by-step framework for developing or improving your program, and identify the key resources and partners required for successful execution.
Penetrated security lock with a hole on computer circuit board

Article

As ransomware and other cyberattacks loom, transportation companies should consider 3 key actions

Cyberattacks, particularly ransomware, have emerged as a significant threat to organisations across various industries, with a notable increase in both frequency and severity driven by more sophisticated attackers. Transportation companies, including trucking and logistics firms, have become prime targets as they digitise their operations, experiencing a concerning 36% rise in ransomware attacks over the past year. These incidents can severely impact companies, their partners, and clients, causing crippling system outages that lead to delays, lost business, and lasting reputational harm. This highlights the urgent need for transportation companies to implement robust cybersecurity measures to enhance their resilience against cyber threats.
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Cyber Self-Assessment tool

Cybersecurity is a strategic, enterprise-wide risk that requires a collaborative approach involving business, security, operational, and risk experts. However, the time it typically takes for organisations to identify, assess, and implement the necessary resources for a robust cyber program is often impractical in today’s fast-paced cyber landscape. The Marsh Cyber Self-Assessment is a digital tool designed to evaluate your organisation’s cyber risks while streamlining the application process for cyber insurance. This enables you to make more informed and confident investments in both cyber insurance and security.
Diverse group of mixed-gender volunteers smiling in an outdoor setting

Activities

Corporate Social responsibility

At Marsh McLennan, we understand the importance of community support in an ever-changing world of risks and uncertainties. With a strong legacy of service, we are committed to making a difference in the communities where we operate and where our colleagues live. By harnessing our collective expertise, we strive to tackle society's greatest challenges and build a more resilient world. Our mission is to drive both business success and social impact, working together to create a brighter future for all. Join us in our journey to make a positive difference in the world. Know more about our initiatives.