Industrial Risk Management

Industrial Risk Management Requires Advanced Analytics and New Approaches

In the industrial sector, both operational and legacy environmental risks can result in business interruption, financial penalties and negative publicity. Risks include unsafe worker/third-party exposure to pollutants, third-party civil action, losses due to catastrophic events, M&A with poorly quantified environmental risk, and inadequate reserve requirements for legacy risks.

In a recent example of our work, investors in a multi-billion-dollar industrial construction project were concerned that unknown operational environmental risks could impact the delivery schedule and the project’s bottom line. Our team conducted an acute risk analysis that revealed several steps required to address many operational risks to avoid project delays. It provided a long-term analysis of environmental performance and revealed management steps to better track and manage risk. As a result of our work, the project encountered no environment-related delays and the long-term obligations were better understood and addressed.

Is your company fully leveraging industrial risk management resources? Contact MMA to learn more.

https://www.marshmma.com/offerings/industrial-risk-management



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