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ENTERPRISE RISK MANAGEMENT


In today's business environment, the effective management of enterprise risk is a key factor in planning for any organization's long-term viability. As a result, enterprise risk management (ERM) has shifted from a "good business" discussion to a "mission critical" means of addressing volatility.

Enterprise Risk Management

In today's business environment, the effective management of cross-enterprise risk is a key factor in planning for any organization's long-term viability. While there has always been a conceptual link between risk management and financial viability, today's economic volatility is impelling the move from concept to practice. As a result, enterprise risk management (ERM) has shifted from a "good business" discussion to a "mission critical" means of addressing volatility.

For some businesses, even today, such volatility continues to be the domain of the risk manager, who buys insurance and informally partners with management to address uninsurable risks. Indeed, it has taken the ongoing economic crisis to highlight the need for a more formal, strategic, and proactive means of managing risk.

For many firms, ERM now has moved from a discretionary to a non-discretionary commitment. For others, ERM is a response to board-level demands. Whatever the driver, one thing is clear: every business must more comprehensively balance the different methods used to address risk and volatility. If such a balance is not achieved, the result may be negative media coverage, financial instability, and the general perception that management is not in control — which would not be well received by any engaged board member, key stakeholder, rating agency, or customer. In sum, the audience is growing. The demands are greater. The stakes are higher. The question is no longer why ERM, but rather why not?

Marsh Risk Consulting's Enterprise Risk Services & Solutions (ERSS) group provides clients with a range of services to help them balance the most critical components of volatility and risk. The group deploys services that address ERM in whole and in part, based upon client need. We deliver a comprehensive ERM solution as well as offer stand-alone services that allow our clients to take a methodical, or compartmentalized, approach to ERM. In practice, we identify, define, and quantify the universe of risks that our clients face, and we provide the policies, processes, and infrastructure required to proactively treat those risks.

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Webcast: Managing Risks in the Mining, Minerals, and Metals Industry Across the Enterprise (Replay)
October 23, 2013  |  Views: 30972 |  Comments: 0 
Webcast: Managing Risks in the Mining, Minerals, and Metals Industry Across the Enterprise (Replay)
Panelists provided an overview of the existing and emerging exposures mining, minerals, and metals companies face as well as strategies for managing risks across an organization.  >>
Innovation Requires Aligning Risks with a Business' Growth
May 05, 2013  |  Views: 13540 |  Comments: 0 
Innovation Requires Aligning Risks with a Business' Growth
Gary Lynch quoted in Business Insurance.  >>
Webcast: Balancing Social Media Risks and Rewards (Replay)
April 18, 2013  |  Views: 11811 |  Comments: 0 
Webcast: Balancing Social Media Risks and Rewards (Replay)
Our panel of experts discussed how social media risk can affect your business and detailed strategies for limiting the exposure.  >>
Risk Report 2012: Richard Waterer Talks About Water Shortages (StrategicRISK)
July 11, 2012  |  Views: 14888 |  Comments: 0 
Risk Report 2012: Richard Waterer Talks About Water Shortages (StrategicRISK)
Richard Waterer quoted in StrategicRISK.  >>
Risk Spotlight: Strategic Risk Management
May 28, 2012  |  Views: 17168 |  Comments: 0 
Risk Spotlight: Strategic Risk Management
Senior leaders generally are looking to risk management to help inform their organizations' strategic planning efforts.   >>
Webcast: Beyond TCOR: Harnessing Risk Data and Analytics (Replay)
May 23, 2012  |  Views: 7567 |  Comments: 0 
Webcast: Beyond TCOR: Harnessing Risk Data and Analytics (Replay)
Our panel of experts discussed how C-suite members and risk managers view the total cost of risk.  >>
Risk Spotlight: Beyond TCOR—Harnessing Data and Analytics
April 27, 2012  |  Views: 21146 |  Comments: 0 
Risk Spotlight: Beyond TCOR—Harnessing Data and Analytics
TCOR calculates the insurance-based aspects of risk.  >>
Risk and the Boardroom Agenda
June 03, 2011  |  Views: 18036 |  Comments: 0 
Risk and the Boardroom Agenda
Risk and the boardroom agenda explores the unprecedented risk management challenges organizations face today and proposes strategies for managing these risks.  >>
Alex Moczarski on Risk Management in the 21st Century
October 28, 2010  |  Views: 15423 |  Comments: 0 
Alex Moczarski on Risk Management in the 21st Century
On October 12, Alex Moczarski, President, International Division, delivered a speech on Risk Management in the 21st Century at the ALARYS Latin American Risk Management Conference ...  >>
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MarshConnect
Views: 18132 |  Comments: 0 
MarshConnect
MarshConnect is Marsh’s global client portal that facilitates interaction between clients and their Marsh service team throughout the insurance placement and servicing process.  >>
Enterprise Risk Management
Views: 19241 |  Comments: 0 
Enterprise Risk Management
Enterprise risk management (eRM) is a structured, consistent, and continuous risk management process applied across an entire organization that allows companies to better understan...  >>
Enterprise Risk Management Current State Assessment
Views: 14159 |  Comments: 0 
Enterprise Risk Management Current State Assessment
A structured, consistent, and continuous risk management process, ERM can help you understand and address material risks.  >>
ERM Risk Assessment
Views: 13957 |  Comments: 0 
ERM Risk Assessment
Marsh Risk Consulting’s (MRC) highly efficient ERM risk assessment process can help organizations quickly understand and prioritize critical, enterprise-wide risks and develop plan...  >>
Marsh 3D
Views: 38777 |  Comments: 0 
Marsh 3D
Marsh 3D is our dynamic service process, embedding powerful analytics and tools to help maximize the impact we can have on clients' risks at every juncture.  >>
Marsh Market Information (MMI)
Views: 29670 |  Comments: 0 
Marsh Market Information (MMI)
Marsh Market Information website provides easy access to the information companies need to evaluate the market security risks of their insurance programs.   >>
Risk Management Optimization
Views: 16197 |  Comments: 0 
Risk Management Optimization
Marsh can help organizations develop a new or evaluate their existing risk management framework and implement leading practices for driving improved results through the risk manage...  >>
Risk Management Outsourcing
Views: 16477 |  Comments: 0 
Risk Management Outsourcing
MRC’s risk management outsourcing professionals have the experience and expertise required to help organizations streamline risk management activities.  >>
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April 16, 2012  |  Views: 15607
Marsh-RIMS Survey Finds Risk Managers and Senior Leaders Differ on Role of Risk Management
An overwhelming majority of risk managers and C-suite executives agreed that expectations of the risk management function have increased in recent years.  >>
June 08, 2011  |  Views: 5978
Marsh Webcast June 15 — Strategic Risk Management: Expectations and Opportunities
On Wednesday, June 15, at 11 a.m. ET, Marsh will host a one-hour webcast to examine the state of strategic risk management and highlight findings from the recent Marsh-RIMS report,...  >>

Contacts
Jeffery Colburn

Washington DC United States
202 263 7877
jeffery.w.colburn@marsh.com