Marsh is a unit of Marsh & McLennan Companies (MMC), the world’s leading risk and insurance services firm. Marsh has 38,000 employees in over 100 countries. MMC is one of the leading consulting and financial services firms with 59,000 employees. MMC is the parent of Marsh, Putnam Investments and Mercer Consulting Group.

Main competencies are risk investigations and risk assessment (e. g. which damage can occur in a photovoltaic system or which liability can be claimed by third parties).

Main tasks for the clients is the risk reduction. This can be performed by consulting (e. g. investigations about fire protection or business contingency plans). Another way to reduce risks is through transfer on insurances but it has to be observed that in many cases
insurance is only the second best solution. It is better to reduce risks and avoid loss from the first.

The risk programs installed by Marsh are continually cared to adapt them to the current situation of the clients and the insurance markets. There is for example Marsh’s market security which observes the financial strength of insurers to do the utmost for protecting clients from an insolvency of an insurer.

In case of a loss, Marsh tries its best that clients receive the indemnification they have the right to.

Risks and insurance requirements differ strongly from branch to branch. In the power market there are risks due to the high values concentrated on the locations, in case of a damage utilities have the risk of extra cost due to the contractual obligation of power providing or the risk that charges of renewable energies law are not achieved.

Marsh takes this into account with the branch teams MIP’s (Marsh Industry Practices). MIP Power is one of round about 20 branch teams and works in the segments power producing industry and utilities. Engaged in MIP Power are Engineers, Scientists, Business Administration Experts, Lawyers and Insurance Experts.

The branch specialization allows an optimum Risk Management which results in special insurance programs for power plants, photovoltaic systems, wind turbines and more.