This Moment From Marsh McLennan April Edition: Cyber Security Investments, Parametric Solutions

In our monthly newsletter we bring you perspectives on the business challenges of the day from our global experts. 

Using Data to Prioritize Cybersecurity Investments

As cyberattacks and related insurance claims continue to grow, insurers are increasingly selective about underwriting cyber risk. The adoption of certain cybersecurity controls is now a minimum requirement of insurers, with favorable policy pricing, terms, and conditions — and even an organization’s insurability — potentially at stake. 

The strategic question for companies is: How can we decide which cyber controls to put in place?

In an industry first, our new report shows how the use of proprietary claims and incident datasets can help organizations evaluate the impact of their cybersecurity controls. This groundbreaking approach has practical applications in how companies prioritize cyber investments, develop strategic roadmaps on cybersecurity and obtain cyber insurance.

Triggering Change: Parametric Solutions for Climate Resilience

The EU's Copernicus Climate Change Service expects the world to breach a new average temperature record in 2023 or 2024. 

Better climate resilience solutions are needed to contend with this challenge. 

Triggering Change features perspectives from business leaders across Marsh McLennan who routinely help clients on their climate resilience journey. Building on the successes of a wide range of parametric solutions developed by Marsh’s Parametric Center of Excellence and Guy Carpenter’s Parametric Advisory, Triggering Change focuses on new solutions emerging for businesses, the public sector and vulnerable communities.

Resources for Right Now

How to Connect With Gen Z Workers 

A new class of Gen Z employees readies to join the workforce, and business leaders are trying to figure out how to connect with, inspire and manage their remodeled workforces for the future. 

The biggest mystery by far is, how will retail and the workforce win this generation, which will account for a third of the global population by 2025. The level of disagreement among human resource teams and business leaders over flexible schedules, benefits and other efforts to attract and retain these younger workers is unlike anything we have seen. Read more from the Oliver Wyman Forum: bit.ly/3UtiDx3

Health on Demand 2023

Employers are well-positioned to demonstrate authentic leadership to the growing Gen Z segment of the workforce by embracing more innovative approaches to healthcare that solve real problems in a convenient way.

This is one of the themes explored in Mercer Marsh Benefits’ new health on demand report, which breaks down how employees, across generations, feel about the benefits their employers provide.

We know that care-first companies that work to foster security, empathy and the trust of their whole workforce also motivate with the reassurance that their health is in safe hands.  

Dive deeper on all our business perspective on the This Moment page: https://www.marshmclennan.com/this-moment.html 

2022 ESG report Succeeding Together

In our latest Environmental, Social and Governance report, we continue our commitment to transparency, sharing:

• Our global female representation data and US ethnically and racially diverse representation data for each of the last three years; 
• Our RISE (Racial Inclusion and Social Equity) program, which supports our efforts to create a diverse talent pool by welcoming Black fellows from more than 30 colleges and universities in the US, UK and Canada; 
• The statistical results of our annual pay equity study; and 
• Progress to date setting low-carbon transition strategies that chart a path to net-zero across our  operations by 2050, including sourcing 100% renewable electricity for our largest offices in the UK and Ireland.

 Learn more:  https://bit.ly/40m9NDr 

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