Marsh Inc. ("Marsh"), an operating subsidiary of the
Marsh & McLennan Companies, Inc.
) launched a new, innovative product called CloudProtect in order
to mitigate the risks associated with cloud computing. It has been
developed in association with some of the biggest cyber risk
The company seeks to provide personalized risk transfer
solutions to the insured for revenue loss and increased expenses
due to some blunder at the end of the cloud service provider. One
of the major benefits of availing CloudProtect is that it they
ensure repayment of expenses incurred by the insurer while shifting
to a new service provider.
A facility like cloud computing allows the efficient use of
technology in providing a single space for storage, memory,
processing and bandwidth. However, problems due network
interruptions need to be overcome.
However, the technology comes with certain disadvantages such as
cyber attack, insolvency, network interruptions or other such
events. The insured will be in a vulnerable position if the service
provider fails to provide the promised services under the prior
), the closest competitor of Marsh & McLennan, has been
offering similar cloud services for quite some time. RIScloud is
the technology used by Aon eSolutions to provide risk, insurance
and safety to its clients.
However, Marsh & McLennan has a history of outperforming its
peers due to its size, diverse product offering, global presence
and technical expertise. We retain our long term Neutral
recommendation on Marsh & McLennan. It also has a quantitative
Zacks #3 Rank, which translates into a short-term Hold rating.
AON PLC (AON): Free Stock Analysis Report
MARSH &MCLENNAN (MMC): Free Stock Analysis
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