FINANCIAL INSTITUTIONS

In an uncertain global economy, financial institutions (FIs) face unrelenting pressure on the bottom line and pressure to better serve customers with digital solutions. They face emerging and ever-shifting risks such as increasing regulatory scrutiny, climate change and growing technology risks such as cyber attacks, data breaches and system failures, and global economy.

Marsh helps our clients manage risks through mitigation and insurance solutions in this volatile landscape. As the leading broker and risk advisor to FIs worldwide, we know the industry, markets, and our clients’ businesses. Marsh

Through Marsh’s dedicated FI Center of Excellence, clients gain insights on a broad range of risks including:

• Management liability or directors and officers risk
• Errors and omissions risk.
• Climate change.
• Cyber risk.
• Technology risk.
• Property risk.
• Workers’ compensation risk.

Marsh can provide guidance on quantifying, qualifying, mitigating and transferring these myriad of risks through a broad portfolio of insurance solutions, risk consulting and an industry-leader analytics platform that combines data, analytics, technology and a global loss database representing more than US$300 billion in claims.

Specific solutions include:

• Directors and officers (D&O) analytics.
• Errors and omissions (E&O) peer review.
• D&O claims advocacy.
• D&O/errors and omissions peer review.
• Risk financing optimization.
• Claims inventory workout.
• Ergonomics call intake.

Using these tools, Marsh provides senior leaders clearer insight into their company’s individual risk profile, helping them to identify losses that have not yet occurred — but could — and more confidently determine whether to retain or transfer risks. The result:  A more holistic view of risk financing, confident alignment of risk and capital in an increasingly uncertain business environment, and a reduction in total cost of risk.