Marsh McLennan, the insurance and reinsurance broker, has launched Sentrisk, an artificial intelligence-powered platform, which aims to help businesses manage global supply chain risks.
Created through the combined capabilities of Marsh McLennan, Marsh and Oliver Wyman, Sentrisk uses advanced technologies such as supply chain mapping AI and geospatial satellite imagery.
With the ability to drill down into a company’s supply chain, Sentrisk layers proprietary analytics to identify low, medium and high risk vulnerabilities down to the level of a site, supplier or company. a specific component, Marsh McLennan said.
Users benefit from a comprehensive assessment of their supply chain risks, alerts for disruptions near critical assets, and access to risk advisory services from Marsh and Oliver Wyman. Current risks modeled include natural hazards, geopolitical, climate and reputational risks, as well as structural risks such as single-vendor dependencies and geographic concentration.
These tools will enable organizations to map their supply chains more comprehensively than ever before and develop risk mitigation, transfer and management strategies better aligned with their business needs, said Marsh McLennan.
“Increasing geopolitical tensions and other risks such as the impact of climate events mean that supply chain vulnerabilities are now among the top concerns for businesses,” said Martin South, president and CEO of Marsh. “With Sentrisk, customers can use AI technology to make more informed decisions and improve their resilience to major shocks. »
“With Sentrisk, clients can gain greater perspective to inform their strategy. By knowing where risks lie in their supply chain, they can better anticipate risks in response to global events and take proactive steps before disruptions occur,” commented Nick Studer, President and CEO of Oliver Wyman Group.
Source: Marsh McLennan
The subjects
AssurTech
Technology
Data driven
Artificial intelligence
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