Broker of the Year - Marsh Asia скачать в хорошем качестве

Broker of the Year - Marsh Asia

Marsh Asia serves its clients by protecting their balance sheet. By keeping up with industry risk trends, leveraging data, analytics and digital technology, employing various channels to connect Asia’s businesses and closely collaborating with insurers. The broker is always ready with holistic, innovative and relevant risk management and transfer solutions. It aimed to help companies enhance business continuity and supply chain resilience by launching two risk advisory solutions to enhance organisations’ resilience and insurability. It developed a detailed assessment and bespoke framework for crisis management and provides additional value in the operationalisation of crisis management plans, including staff training and scenario-based exercises. Marsh Asia also launched its security risk management solution to safeguard physical assets in higher-risk geographies. The broker also set up an EV insurance solution in Japan comprising three major non-life insurers to manage the lack of historical loss data that hampers insurability for electric vehicles. The company also demonstrates positive ESG actions such as mangrove planting in Indonesia. Marsh Asia developed industry-relevant insurance solutions for the region amid a challenging market for cyber risks. The proportion of cyber attacks targeting Asia increased in 2022. Marsh Asia garnered 280 cyber self-assessment completions to bridge cybersecurity and insurability gaps, such as helping a Thai manufacturer develop a robust incident response plan, resulting in 33% increase in the number of cyber policies placed in 2022. The broker also secured additional capacity and alternative risk transfer solutions amidst rising insurance rates. With global and Asia insurance prices rising for the 22nd consecutive quarter, Marsh launched the fast track facility in Q1 2023, bringing additional dedicated, pre-arranged ‘follow form’ capacity to clients across major lines of businesses. Insurers will provide up to 5% of the capacity at 2.5% discount for subscription policies.