RESEARCH AND BRIEFINGS
Business Interruption Insurance Efficacy: Five Key Issues
Read Marsh’s insights into business interruption insurance efficacy and the five core areas that cause concern for organisations worldwide.
BUSINESS INTERRUPTION & SUPPLY CHAIN
Business interruption (BI) is not just a consequence of property damage. Supply chain failure, fire, terrorism, product recall, and cyber-attacks can all interrupt a business.
RESEARCH AND BRIEFINGS
Misadventures in Business Interruption Insurance: Cautionary Tales from Real Disputed Claims
A compilation of real-life business interruption events and strategies to mitigate the risks for the future.
Today, companies don’t operate in isolation; they are part of a complex network with multiple stakeholders in a volatile global business environment. Having a comprehensive and deep understanding of supply network ecosystems and the organisational resilience to respond quickly to threats and their impacts are critical to business success.
A value-driven, flow-based supply chain resiliency strategy can provide the framework for an integrated approach to supply-network risk management. This approach is one element of a suite of services that includes BI values and policy reviews, claims preparation, and natural catastrophe exposure analysis. By taking a multidimensional approach to BI, the Marsh Business Interruption Centre of Excellence (BICoE) helps ensure that you employ the right solutions for your organisation and its unique risk profile.
We work with colleagues across Marsh, clients, insurers, and professional bodies to improve the understanding of BI risk and the quantification of exposures in order to better articulate these risks to the insurance market. And we deliver enhanced coverage options built on a deeper understanding of individual businesses and efficient, economic risk-transfer solutions tailored to your needs.
Business Interruption Centre of Excellence (BICoE)
Marsh’s BICoE is a global practice that works with our colleagues and clients around the world to challenge existing protocols in insurance placement, claims, analytics, legal, and service. We view BI as "anything that interrupts business" and adopt an approach that seeks to remove the historic blinders that have kept the focus largely on property-damage BI.
BICoE is a resource for our colleagues and a centre of innovation for our clients. It has a clear strategy and plan that focusses on education, product development, and claims.
Financial Advisory Services (FAS)
Marsh Risk Consulting’s global Financial Advisory Services (FAS) Practice provides expert assistance in the quantification and measurement of damages, economic claims, and losses to help you recover and/or minimise losses resulting from catastrophic events, litigation, or disputes.
Our multidisciplinary team of experts delivers forensic accounting, investigative, construction, product recall and liability, valuations, dispute advisory, and insurance claim preparation and advisory services. We are able to respond and react anywhere in the world, assisting you with local language, customs, and regulatory issues.
Supply Chain Risk Management (SCRM)
Marsh’s Supply Chain Risk Management (SCRM) Practice undertakes a comprehensive review of supply chain exposures. It begins by mapping the internal and external supply chains (including services) and continues with consideration of the key operational processes or services – and potentially critical failure points. We can also include a natural hazard risk map of suppliers using our exclusive broker access to a natural hazard zone database.