In today's rapidly changing risk landscape, organizations are confronted with complex risks that can significantly impede their ability to achieve their strategic goals. The increasing frequency and severity of losses, coupled with catastrophic events, have heightened risk volatility, putting risk managers and senior leaders under increased pressure to make decisions that help them protect their organization and its assets.
Effectively navigating this evolving risk environment requires businesses to implement a robust insurance program that not only provides necessary protection, but also aligns with their unique risk appetite and minimizes their total cost of risk. Data-grounded analysis helps senior leaders gain valuable insights to better understand how shifting risk dynamics may impact their operations, allowing them to more confidently align their insurance programs with their specific needs and evolving risk profile.
In this episode of Risk in Context, Richard Baudin, Leader of Marsh’s International Specialty Advisory Practice, talks with David Kraft, Head of Risk Analytics for Europe, Lauren Irwin, UK Retail Cyber Sub-Team Leader, and Claire Garrett, Head of Marsh’s Financial Institutions Practice in the UK. They discuss how data-focused analysis can help organizations gain a comprehensive understanding of how the evolving risk landscape can impact their organization and help them build more responsive insurance programs.
