Financial services firms operate in a challenging environment of emerging and evolving risk and must demonstrate ever higher standards of risk measurement and management. At the same time, we observe an increasing number of significant regulatory fines associated with conduct or fraud, and dramatic losses arising from operational risks such as cyber.
Against this background, regulators around the world are implementing ever more onerous capital standards – including for operational risk. Insurance provides a meaningful mitigation of the financial and capital volatility arising from operational risk, and the insurance assessment process can serve to validate firms’ internal view of their risk.
Oliver Wyman and Marsh’s Operational Risk and Insurance offering has been created to bring together deep expertise from across Marsh & McLennan Companies to deliver end-to-end advisory, insurance and capital solutions for clients.
