Marsh Risk, a business of Marsh, announced the launch of Risk Companion, the next iteration of its digital solutions suite designed to help clients effectively and efficiently manage unique risks.

Risk Companion is enabled by an AI-powered analytics engine that connects Marsh Risk’s risk dataset to its actuarial models and deep subject-matter expertise. It represents a significant advance in Marsh’s use of AI to give clients a more detailed view of risk exposures and mitigation options.

“As risks have become more complex, interconnected, and volatile, clients around the world need quicker access to the data, analytics, and insights that enable them to cut through the noise and act with greater confidence at key moments,” said Michelle Sartain, president, US and Canada, Marsh Risk.

Marsh Risk will be unveiling two new Risk Companion solutions at RIMS RISKWORLD. Renewal Companion allows clients to model retentions, limits, deductibles and coverage in real time, compare outcomes, and publish board-ready recommendations. Captive Companion provides clients with access to their captives’ current financial metrics, automated reporting and document workflows, and benchmarking analytics.