New York, April 14, 2015 – Reflecting the growing importance of analytics, collaboration, and data-driven workflow applications in risk management, Marsh LLC, a global leader in insurance broking and risk management, today announced it is rebranding its STARS business unit and technology platform to Marsh ClearSight.
A leading provider of risk, safety, and claims management software, Marsh ClearSight, under its new brand, is making a strategic move to further integrate its innovative technology with Marsh’s extensive data and analytics resources to help clients consolidate their risk information and better optimize their risk decisions. This move broadens the scope of the business beyond traditional risk management and into the realm of dynamic risk management with real-time data and analytics.
“In Marsh ClearSight, we have brought together the leading edge technology of STARS with the data and analytics depth of Marsh, to provide the risk management community with a comprehensive platform that delivers actionable intelligence,” said John Drzik, President of Marsh Global Risk and Specialties.
Last October, Marsh ClearSight announced the alpha version of the industry’s first risk management platform that brings together integrated applications, analytics, and collaboration tools to help clients better manage their Total Cost of Risk (TCOR) with data-driven insights. This new platform, also named Marsh ClearSight, leverages Marsh’s industry-leading risk database, and the knowledge and expertise of the global Marsh network.
“The innovations in social, mobile, analytics, and cloud technologies offer the opportunity to meet the growing needs of risk management stakeholders in providing real-time information. We have utilized these technologies in developing the Marsh ClearSight software platform— the first collaborative network for the risk management ecosystem with data-driven workflow applications and robust analytics,” said Paul Marushka, President of Marsh ClearSight.
“Marsh ClearSight is in a unique position with this platform to move the market in an entirely new direction,” said veteran industry expert David Tweedy, Director of Risk Management Information Systems at Bickmore. “To better align with the rest of the enterprise, risk management needs to evolve from static process automation and reporting tools to a dynamic approach, powered by data and analytics that helps risk managers engage stakeholders across their organization to make the best possible risk decisions.”
About Marsh ClearSight
Marsh ClearSight LLC, a business unit of Marsh LLC, is the global leader in technology, analytics, and data service solutions across risk, safety, and claims management. With the industry’s first integrated platform that brings together data-driven workflow applications, analytics, and collaboration tools, Marsh ClearSight uniquely provides its customers with actionable insights to optimize decision-making across the risk lifecycle. For more information on Marsh ClearSight, visit: www.marshclearsight.com.
Marsh is a global leader in insurance broking and risk management. Marsh helps clients succeed by defining, designing, and delivering innovative industry-specific solutions that help them effectively manage risk. Marsh’s approximately 27,000 colleagues work together to serve clients in more than 130 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy, and people. With 57,000 colleagues worldwide and annual revenue exceeding US$13 billion, Marsh & McLennan Companies is also the parent company of Guy Carpenter, a global leader in providing risk and reinsurance intermediary services; Mercer, a global leader in talent, health, retirement, and investment consulting; and Oliver Wyman, a global leader in management consulting. Follow Marsh on Twitter @MarshGlobal, or on LinkedIn, Facebook, and YouTube.