Business

Marsh McLennan launches global cyber risk analytics centre

Marsh said the Centre will operate under the leadership of managing director Scott Stransky - a cyber risk and catastrophe modeler

Marsh McLennan has announced the launch of its Cyber Risk Analytics Centre, an enterprise-wide resource that brings together the cyber risk data, analytics and mitigation expertise of its Marsh, Guy Carpenter, Mercer, and Oliver Wyman businesses.

The company said the centre aims to provide clients with a “comprehensive view” of their cyber threats, the maturity and availability of their existing and future controls, and the economic impact of their risk.

Marsh said the Centre will operate under the leadership of managing director Scott Stransky, a cyber risk and catastrophe modeler, who joined Marsh McLennan earlier this year after more than a decade at AIR Worldwide.

Stransky 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.

According to Marsh, the Centre will also 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.

John Doyle, president and CEO, Marsh, and vice chair at Marsh McLennan, said: “Cyberattacks routinely cause millions of dollars in loss to our clients and billions of dollars in loss to the global economy every year. It is no surprise that business, government, and other leaders continue to rank cyber risk as one of the most pervasive and urgent risks for society.

“For many leaders, however, their concern exceeds their ability to measure and manage cyber risk alone. Our investment in the Marsh McLennan Cyber Risk Analytics Centre will help clients confront this risk by connecting them with experts and capabilities from across our businesses, data-driven insights, and a global ecosystem of risk and cybersecurity experts.”

In addition to integrating the data, modeling, and risk expertise of Marsh, Guy Carpenter, and Oliver Wyman the Centre will conduct research and development with a global network of commercial, government, and academic partners.

Stransky added: “Through the Cyber Risk Analytics Centre, Marsh McLennan will advance the broader cyber modeling and analytics ecosystem to help societies manage cyber risk.”

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