Case Study

Marsh was asked by a global accountancy practice to complete a firm-wide risk review, including a risk assessment and gap analysis for an overall risk framework.

We worked with the board and senior partners to determine the firm’s major risks and assess the adequacy of its existing management controls, in a context where the firm was implementing an aggressive growth strategy.

Using the output of this exercise, Marsh assisted in building a risk management framework that will enable the firm to align risk management to its business processes, and have protocols in place for identifying and managing risks going forward.

The strategic risk review will also be used in negotiations with insurers with the aim of reducing the firm’s professional indemnity premium.

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