Maximizing the power of data-driven risk management

Organizations today generate and have access to extensive amounts of data. And when this information is properly analyzed, it can provide senior leaders, including risk managers, with critical insights that can aid decision-making processes to help organizations better identify and address both evolving and emerging risks.

Further, robust analytics can help risk managers identify patterns and trends, which can be crucial to uncovering potential risks and also potential opportunities. These insights can help businesses optimize their operations, improve efficiency, and gain a competitive advantage, while at the same time becoming more resilient.

In this episode of Risk in Context, Raj Lakhani, Analytics Solutions Leader for International within Marsh's Advisory team, speaks with Diego Montemurri, Head of Marsh's Advisory team in Italy, and Paolo Cova, Head of Enterprise Risk Management of the Italy-based Gruppo Iren. They discuss why a robust analytics program is critical for risk managers and how it can aid their decision-making processes. They also talk about how data-based insights can be used to gain support for proposed risk mitigation investments.