Marsh encourages smarter risk management to ease credit crunch
Marsh has released a paper detailing how insurance and risk management strategies could help UK firms strengthen their financial resilience and continue operating profitably during deteriorating economic conditions.
The executive briefing titled Improving Working Capital and Business Resilience has offered an explanation on how organisations can improve liquidity and release working capital by reducing their insurance and risk costs while managing changing risk factors.
Marsh’s recommended actions included:
Manage insurance costs to create additional working capital
Firms should review how much risk they retain and how much insurance they buy, taking account of the likely loss profile of the business and
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