Sentrisk allows clients to comprehensively monitor their supply chains, identify gaps and build resilience which is under threat from increased geopolitical tensions, food productions and the logistics of climate-related event risks.
Marsh, and Oliver Wyman, collaborated to create Sentrisk. Marsh CEO and President Martin South said: “Rising geopolitical tensions, and other risks such as the impact of climate events, mean that supply chain vulnerabilities are now among firms top concerns. With Sentrisk, clients can use AI technology to make better-informed decisions at pace to improve their resilience to major shocks.”
Sentrisk has the capability to analyse a company’s supply chain and then applies proprietary analytics to locate exact low, medium, and high-risk vulnerabilities down to a site, supplier, or component-specific level.
Users of the products are then provided with a comprehensive assessment of their holistic supply chain risks and are able to access the risk advisory services from Marsh and Oliver Wyman.
Some of the risks modelled by the product include geo political, climate related, natural hazard and reputational risks alongside more structural risks like single-supplier dependencies and excess geographic concentration.
Nick Studer, the President and CEO of Oliver Wyman commented, saying: “Through Sentrisk, clients are able to gain greater perspective to inform their strategy. Through knowledge of where risks live in their supply chain, they can better anticipate risks in response to global events and take proactive measures before disruptions occur.”
Source: Reinsurance News
