MARSH INDONESIA
112
To keep up with the blistering pace of advancement in data and digital more widely , collaboration is key and Ure says that rather than being seen as a threat , tech startups should be welcomed with open arms . “ We ’ ve already made a number of partnerships with insurtech companies ,” he says , adding that Marsh blends this with internal development too . “ We ’ re investing a lot internally in developing our platforms and support systems . We ’ ve recruited and built up a team that ’ s providing technologybased solutions across the company . One example is the growing cyber exposure our clients are facing and how we can support our clients to manage this exposure more effectively . For example , we can profile clients and industries and types of cyber events that could happen , and the likely financial impact to their business . Interestingly , it ’ s not just from the perspective of internal development that the fourth industrial revolution is opening up new opportunities for Marsh . It ’ s also worth remembering that new technology means new risk – and this is a growing business segment for Marsh .”
JULY 2019