Marsh has used iMAP — the mobile version of the platform — to assist thousands of clients in evaluating risk financing through a dynamic, real-time, and customized experience. The MAP solution applies to companies ranging from large, multinational organizations to smaller local and regional businesses. The full scope of industries served includes aviation, chemicals, construction, energy, financial services, health care, manufacturing, professional services, retail, real estate, and transportation, among others.

“The significant rise in the level and complexity of emerging risks is driving a change across our industry that requires new, forward-looking solutions. The success of MAP is a testament to our ability to address the changing market dynamics,” said John Drzik, president of Marsh Global Risk and Specialties.

Marsh’s Global Loss Data Library now represents over US$300 billion in aggregate claims. It contains data derived from dozens of countries and more than 20 industries, combining claims and placement information to deliver a complete picture of current and emerging trends in risk. With this database, the MAP solution is comprehensively positioned to answer the question of what losses have not happened yet, but could. This forward look is the critical first step in empowering clients to gain a more complete look at risk and optimal risk financing solutions.

With that foresight, combined with careful analysis of a broad range of company-specific financial data points, Marsh can assist a company in determining its unique risk appetite and tolerance positions. Ultimately, clients gain a broader and more transparent evaluation of the key components of risk across the enterprise that can support a determination of the lowest possible “economic cost of risk” based on their own financial profile and outlook.

Marsh’s approach to analytics focuses on leveraging the capabilities of the comprehensive solution across the organization’s business lines. Since 2013, Marsh has strategically integrated the power of analytics in its business by training hundreds of professionals on the MAP solution across Marsh’s global footprint and product lines. The global MAP infrastructure includes 200 regional sales and technical professionals around the world.