Insurance Analytics and Benchmarking

Insurance Analytics and Benchmarking to Improve Data Quality and Manage Risk

Those responsible for risk management and insurance procurement understand that insurance analytics and benchmarking provide critical input for optimizing decisions. At Marsh & McLennan Agency, we see it as a powerful tool for a company's senior leadership and decision makers. The broadest definition of insurance analytics and benchmarking is comparing an industry measurement to a standard. This can involve a comparison to a standard set internally or one that is derived from a peer group. Its value ranges from creating a sound starting point through monitoring results, and on toward goal achievement.

Selecting the right data and analytical tools fosters a better understanding of an organization's risk, substantiates decision making, leads to innovative solutions and implementation strategies, and helps reduce costs. Drawing data from our extensive Global Benchmarking Portal, actuarial and statistical analyses, financial analysis, and decision modeling, we help our clients better understand their risks, evaluate alternatives, and reach optimal decisions with the data and critical thinking to back them up.

https://www.marshmma.com/offerings/insurance-analytics-and-benchmarking



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