AI-powered solution digitizes and enhances property risk data; delivers real-time actionable insights
New York, NY (Apr. 7, 2022) – Marsh, the world’s leading insurance broker and risk advisor, is pleased to announce the launch of a new property analytics solution that will transform how clients around the world manage their property risks from a slow, manual process into a digital experience with real-time, on demand actionable insights.
The new solution, part of Marsh’s Blue[i] digital analytics suite, digitizes clients’ primary risk data — including construction, occupancy, protection, and exposure data — and uses artificial intelligence and machine learning to identify anomalies and other issues to bolster the data’s quality. By feeding this data into other Marsh analytics solutions, such as catastrophe modeling and risk finance optimization, clients can, in real-time, view and quantify their property risks and assess risk mitigation, retention, and transfer options.
Among the actionable insights, clients are able to:
- Quickly assess the impact of changing property portfolios on their risk profiles.
- Determine if assets are likely to be affected by hazards associated with natural disasters.
- Easily identify and prioritize risk mitigation strategies that have the greatest impact on their portfolio.
- Differentiate their risk with underwriters and optimize placement outcomes.
“Today’s ever-evolving and volatile risk landscape requires more than just static views for risk planning; it requires a dynamic solution that enables business leaders to respond to a changing environment in real time, anchored by data insights,” said Mike Rouse, US Property Practice Leader, Marsh. “Through improved data quality and improved modeling accuracy, Marsh is enabling clients to reduce uncertainty and make more accurate, informed property risk decisions.”
Marsh is the world’s leading insurance broker and risk adviser. With approximately 45,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data-driven risk solutions and advisory services. Marsh is a business of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue of nearly US$20 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. For more information, visit MMC.com.
SOURCE: MarshTags: analytics, Artificial Intelligence (AI), Marsh