Marsh

Marsh is a 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 30,000 colleagues work together to serve clients in more than 130 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy, and people.

In 2018, Marsh revealed it would be expanding its partnership with IBM to give clients greater access to the industry's first ever blockchain solution for proof of insurance. Later that year, also, they teamed up with Evident ID to develop the first blockchain-based verification solution for clients in the sharing and gig economies.

In 2019, Marsh launched an online cyber self-assessment tool. The tool contains all the latest insights on cybersecurity best practices to provide clients cybersecurity program diagnostic and serve as a primary port-of-call for cyber insurance. Later that year too, the broker partnered with specialist venture capital fund Eos Venture Partners. As part of the alliance, the pair will leverage Marsh's cloud-based digital broker platform, Bluestream, to enable them to share and deliver innovative risk management solutions.

Later that year, Marsh continued with its cybersecurity focus by creating a new position - US Cyber Risk Consulting Leader. The role includes leading the strategy and delivery of Marsh's cybersecurity consulting services in the US.

In October 2019, Marsh partnered with Zurich North America to launch TrustedPals, a pet insurance program. The new product offers insurance with flexible co-payments, limits and deductibles. The insurer plans to add an AI-powered self-service feature to help pet owners to independently manage their pet insurance needs.

In June 2020 Marsh announced the launch of Marsh deliveryPRO for delivery drivers, created in collaboration with AXA XL and Arity. The usage-based, priced-by-the-mile cover means the businesses only have to pay for what they need, and aims to help US businesses as they see an increased demand for delivery services during the global pandemic of Covid-19.

In August 2021 Marsh revealed it was participating in Amazon's Insurance Accelerator.

In June 2022 US financial services firm Ally partnered with Marsh to launch a new tool which helps customers compare auto insurance quotes. As part of the new service, users will be able to receive quotes from Progressive, Travellers, Safeco, and Bristol West.

In July 2022 Marsh expanded its cyber service, Cyber Incident Management, to their clients in the UK and continental Europe, after previously launching in the US in 2021. The new service will help clients to prepare, respond and recover from cyber incidents, as well as increase their overall cyber resilience. Marsh also offers access to a network of independent specialists, such as IT forensics.

In August 2022 Marsh launched a new insurance and reinsurance facility which provides capacity for green and blue hydrogen energy projects. The new facility was developed with the aid of Liberty Specialty Markets and it will provide up to $300M of cover per risk for the startup phases of hydrogen products globally.