Marsh McLennan aims to combat cyber risks with a special center that combines expertise from its multiple businesses.
The newly-launched Cyber Risk Analytics Center includes experts on cyber risk data, analytics and risk mitigation expertise from its Marsh, Guy Carpenter, Mercer and Oliver Wyman businesses. The Center’s mission will include, in part, conducting research and development with a global network of commercial, government, and academic partners.
Marsh McLennan Managing Director Scott Stransky, who will be leading the Center, said Marsh McLennan’s approach is unique in multiple ways, particularly the blending of experts from its multiple businesses into one cyber risk-fighting team.
“It brings together the strengths and risk insights from our businesses,” Stransky told Carrier Management via email. “Marsh and Oliver Wyman have insights on thousands of risks, while Guy Carpenter has broader insights on millions of risks. Having a view of risks across these scales of depth and breadth is unique.”
Stransky explained the Center will build property models and a view of cyber risk using a combination of in-house insights, licensed data and its own expertise. This approach to addressing cybersecurity, he added, is “rare.”
Additionally, he said, a Center focused on cybersecurity will have the capacity to think about big picture cyber analytics strategy, but not replace what the individual Marsh McLennan businesses are already doing in the space.
“Each business’s “day to day” cyber modeling team will remain intact and the Center can focus on longer term strategy and provide targeted guidance to each business, adding value to the client experience,” he explained.
The center will offer clients a suite of tools and critical risk insights, derived from an integrated view of risk spanning a single line of malicious code to the complex web of digital connections linking the global economy. These tools and insights will help clients make smarter investments in the ways they identify, prepare for, and recover from cyber risk at every level, Marsh McLennan said.
In Marsh McLennan’s announcement, John Doyle, president and CEO of Marsh, and vice chair of Marsh McLennan, explained that the Center will be a way to connect clients with risk and cybersecurity experts in all of its businesses.
Stransky is a cyber risk and catastrophe modeler, who joined Marsh McLennan earlier in 2021 after more than a decade at AIR Worldwide. He earned a bachelor’s degree in Mathematics with Computer Science and a master’s degree in Atmospheric Science, both from MIT, and his work has been published in academic journals.
Doyle, meanwhile is leading efforts to deliver all of Marsh McLennan’s cyber risk expertise, data, and partnerships to help build clients’ and society’s resilience to the risk.
Source: Marsh McLennan