Organizations in the sports and events industry are facing more risk
challenges than ever before, for a variety of reasons: First, the very
nature of the products, services and events involved; second, the
continuing impact of the global financial marketplace; third, the
combination of various emerging exposures and the increase in risk
resulting from traditional exposures; and finally, the increase in the
regulatory environment.
Marsh's solutions help clients to meet these challenges. Several
factors distinguish Marsh:
Industry Focus
Marsh is the leader in sports industry risk management with a
practice solely dedicated to the sports sector. Our industry focus is
allowing us to gather and share the latest market intelligence,
benchmarking and best practices and drive better results through our
industry insights.
Bench Strength and Depth of Resources
Two hundred colleagues are involved in the servicing of our sports
clients, including a core team of 50 sports experts — brokers,
placement specialists and claim and risk consultants. All our
professionals are experienced in dealing with complex sports
exposure—from risk identification to risk assessment and risk
mitigation.
Understanding the risk issues of our clients' businesses is
essential to our ability to provide services and solutions that meet
their needs. Our dedicated sports industry colleagues provide
exceptional transaction capabilities and innovative solutions and have a
rare and distinctive depth of knowledge not only of the insurance
marketplace but also of the specific risk issues faced by our clients.
Through the lens of our industry specialists we are able to focus on the
trends and risk issues specific to our clients' needs.
Unique Business Model
Marsh can effectively deploy its best industry colleagues, regardless
of where the experts are physically located. We differentiate ourselves
by having a local servicing team supported by national and global
industry resources — giving our clients the best of all
worlds.
Benchmarking Capabilities and Analytic Tools
Sports organizations are making greater use of benchmarking
information to support decision-making around program structure,
retentions, limits and price. Marsh has developed a number of powerful
applications that incorporate renewal statistics from hundreds of
companies. Benchmarking is also valuable in renewal strategy discussions
and negotiations with the markets.
Risk Consulting Services
Our ability to provide solutions to our clients' needs, many of which
surround brand/reputational risk, clearly differentiates us from our
competition and allows us to provide our clients with a significant
competitive advantage. Marsh has provided clients in the sports and
events industry supply chain management, product recall, crisis
management, emergency response planning, business continuity, forensic
accounting, claim inventory workout and modeling design. These solutions
allow us to discuss with our clients risk from a strategic, operational,
hazard and financial perspective.