International federations, national governing bodies, sports and event venues, and other organizations active in this dynamic industry face numerous risks. A single man-made or natural disaster can have financial and operational consequences ranging from third-party liability to brand and reputational damage.
Companies in the sports and events industry are not immune to a data breach, either. In fact their significant possession of sensitive client data makes them vulnerable. Therefore, it is important for these companies to take a comprehensive risk management approach to combating also cyber risks.
Marsh’s Global Sports, Entertainment & Events Practice helps identify, quantify, and manage all these risks. As a leading risk adviser to the sports industry, we have the specialized knowledge and market intelligence to help execute a risk management program based on your company’s unique exposures and business goals.
With a considerable industry database, as well as benchmarking and analytics, we can provide quantitative insights to implement strategic priorities with confidence. Our experts work with you in order to help you identify risk trends, anticipate emerging issues, and design adequate risk management strategies for your organization.
By understanding exposures from four primary perspectives – hazard, finances, strategy, and operations – we can help determine optimal strategies for managing your risk portfolio, enabling you to pinpoint the best coverage levels, reduce total cost of risk, and improve overall cash flow.
With a global network of risk specialists who help our clients maximize wins and minimize losses, this group of professionals has earned its reputation as a leader in providing risk and insurance services to the sports industry by thoroughly understanding the industry’s issues and executing on the design and delivery of effective risk management solutions.