The world of manufacturing is fluid and ever-changing, with technological advances creating fresh opportunities in the sector, consequentially leading to new and more complex risks.
The increase in the role of technology as part of the manufacturing process means a change in market dynamics: cyber risks are on the rise – the manufacturing industry faces increasingly complex information and computer security risks which pose the potential for significant economic loss and reputational damage – alongside heightened product recall risk due to advances in electronic systems.
On the other side, regulatory agencies continue to present challenges and the global supply chain is subject to political unrest and disruption.
Marsh’s manufacturing risk specialists understand your industry’s business issues and provide guidance to help you navigate and manage risks. This collective expertise is further strengthened by Marsh’s industry-leading analytics capabilities, which provide business insights enabling you to make more informed decisions and gain competitive advantage. Marsh leads the manufacturing industry in the creation and administration of insured and alternative risk programs, including captives in several domiciles.
Our machinery sector spans a range of specialties, including turbines, equipment, construction, mining, hoists, cranes, furnaces, and farm, lawn, and garden machinery. Our knowledge is continually deepened through our work with thousands of clients worldwide, and our capabilities enhanced by the combined power of Guy Carpenter, Mercer, and Oliver Wyman.
Marsh can help you reduce your total cost of risk, thereby protecting your balance sheet, reducing business volatility, and improving the bottom line.