Oliver Wyman surveyed more than 240 C-suite executives from leading companies across industries in the Americas with the goal of answering what differentiates successful transformations from the rest.
Oliver Wyman surveyed more than 240 C-suite executives from leading companies across industries in the Americas with the goal of answering what differentiates successful transformations from the rest.
Learn how organizations are seizing the opportunity to redesign work, working and the workplace. To navigate the rapidly evolving world of work, leaders require a “new work operating system” that unhooks workers and workforce capabilities from traditional job boundaries.
Learn how organizations are seizing the opportunity to redesign work, working and the workplace. To navigate the rapidly evolving world of work, leaders require a “new work operating system” that unhooks workers and workforce capabilities from traditional job boundaries.
Focusing the discussion on work-life balance and the need for talent to own their own reskilling journeys misses the broader transformation that needs to occur.Ravin Jesuthasan, Global Transformation Services Leader, Mercer
New Shape of Work Podcast: Join Mercer experts and industry leaders as they discuss transitioning to a more agile workforce for the future.
Guy Carpenter's CAT Resource Center team provides live event coverage of the wind-driven wildfire that destroyed structures in Lahaina on the Hawaiian Island of Maui.
Guy Carpenter's CAT Resource Center team provides live event coverage of the wind-driven wildfire that destroyed structures in Lahaina on the Hawaiian Island of Maui.
Employers with operations or workers in areas that have been or may be affected by wildfires have critical work to do to safeguard their employees and their businesses right now.
Employers with operations or workers in areas that have been or may be affected by wildfires have critical work to do to safeguard their employees and their businesses right now.
While direct fire damage remains an issue of immediate concern, yet another peril looms on the horizon: that of increased direct and indirect losses due to wildfire smoke.
While direct fire damage remains an issue of immediate concern, yet another peril looms on the horizon: that of increased direct and indirect losses due to wildfire smoke.
Calls for companies to provide climate-related financial disclosure are growing. Companies that view disclosure as a mere tick-the-box exercise are arguably missing an opportunity to really study and reimagine their climate risk management in terms of business opportunity as well as risk.Dr. Bev Adams, Head of Climate Advisory Practice, Marsh
While many companies have shied away from fully engaging with generative AI, Marsh McLennan has embraced its potential.
While many companies have shied away from fully engaging with generative AI, Marsh McLennan has embraced its potential.
Mercer addresses how greater efficiency, productivity and customer satisfaction may result from learning how to apply generative AI in the workplace.
Mercer addresses how greater efficiency, productivity and customer satisfaction may result from learning how to apply generative AI in the workplace.
Oliver Wyman addresses the impact of generative AI on the Insurance industry, managing AI bias, ways to create a data-driven culture in the workplace and much more.
Oliver Wyman addresses the impact of generative AI on the Insurance industry, managing AI bias, ways to create a data-driven culture in the workplace and much more.
AI will have the biggest or the largest impact on HR ever, from a technology standpoint. AI and generative AI will change HR, more than any technology innovation ever has.Jason Averbook, Global Leader, Digital HR Strategy, Mercer
While insurance solutions cannot eliminate every risk, they can serve as an important tool for at-risk or failed banks, their client companies and firms providing professional auditing, legal or other services to those banks.
While insurance solutions cannot eliminate every risk, they can serve as an important tool for at-risk or failed banks, their client companies and firms providing professional auditing, legal or other services to those banks.
The Silicon Valley Bank Collapse – Navigating the Fallout
In a special-edition podcast, Jo Holden, Mercer’s Global Head of Investment Research and Advisory, is joined by David Scopelliti, Global Head of Private Debt, and Rupert Watson, Head of Asset Allocation, to discuss the impact of SVB’s failure on private and public financial markets and whether we believe the turmoil in the banking sector can be contained. Crucially, they explore the vital role of good governance in building resilient investment strategies able to weather an unpredictable future.
The open-source Marsh McLennan Flood Risk Index leverages research from international organizations and academic institutions to provide a global overview of flood risk and its potential implications on human and economic systems under different climate change scenarios.
The open-source Marsh McLennan Flood Risk Index leverages research from international organizations and academic institutions to provide a global overview of flood risk and its potential implications on human and economic systems under different climate change scenarios.
This report illustrates how the transformation of flood risk management can play out along three ways forward: living with floods, building strategic protection, and preparing for relocation.
This report illustrates how the transformation of flood risk management can play out along three ways forward: living with floods, building strategic protection, and preparing for relocation.
This perspective is based on the testimony to the US House of Representatives Financial Services Committee Subcommittee on Housing and Insurance, given by Julian Enoizi, Head of Public Sector at Guy Carpenter.
This perspective is based on the testimony to the US House of Representatives Financial Services Committee Subcommittee on Housing and Insurance, given by Julian Enoizi, Head of Public Sector at Guy Carpenter.
This is a pivotal moment for re-energizing resilience efforts at the national level. In order to secure long term well-being and prosperity, a whole-of-society response is needed in mitigating critical risks and being prepared for crises.Ruth Lux, Head of Public Sector, UK, Europe, Middle East and Africa, Guy Carpenter
Here we are now as a society at this next jumping off point into the metaverse where this is going to transform our lives in ways that are hard to predict. If I had a crystal ball, I would be able to tell you, but it's going to be a different world.Ben Hoster, Director of Transformative Technologies , Marsh McLennan
LinkedIn Live: People Risk and Building Business Resilience
BRINK spoke to Alison Byrne and Dr. Ariel Almazan of Mercer Marsh Benefits about how mental health intersects with work and what better support for employees could look like.
BRINK spoke to Alison Byrne and Dr. Ariel Almazan of Mercer Marsh Benefits about how mental health intersects with work and what better support for employees could look like.
Breaking the Stigma: Admitting to Vulnerability and Supporting Our Colleagues
Reflections from Sam Dimond, Global Director on Oliver Wyman's Knowledge Services team:
I hesitated to share this personal story on World Mental Health Day. However, I truly believe that it is important for senior leaders to share our mental health experiences if we are to break the stigma attached. So I’m writing today’s post in the hope that others won’t feel they suffer alone, or that they are somehow strange or different.
I have felt anxious for as long as I can remember. Sometimes that meant that I believed I was bad at everything or not likeable. This didn’t start overnight, but think it got much worse after becoming a father.
Over the next few years there was too often an inner voice that grew louder and louder, making everything seem worse than it really was. In truth, I was excelling in many areas of my life and work and really fortunate, but there was a real danger that that voice was going to ruin everything and stop me seeing things as they really were.
Things came to a head when I got into a vicious spiral of falling asleep every night exhausted but then waking up at 3am, worrying about the days ahead and not being able to get back to sleep.
It is just a really difficult moment for healthcare all over the world. Many hospitals are doing their best to ensure that healthcare workers have good support through mental health interventions. However, this is something that is a bit more existential than we're used to dealing with.Gisele Norris, Managing Director, US National Healthcare Practice, Marsh
Pilots, Pivots and Potential - The State of Aviation
This year's report from Oliver Wyman outlines major macro-economic trends, the impact of the geo-political situation with the war in Ukraine and carrier recovery efforts in light of labor tightness and fuel cost escalation.
This year's report from Oliver Wyman outlines major macro-economic trends, the impact of the geo-political situation with the war in Ukraine and carrier recovery efforts in light of labor tightness and fuel cost escalation.
The Pilot Shortage Will Only Get Worse as the Decade Progresses
In early 2021, Oliver Wyman forecast an imminent pilot shortage on the horizon. It seemed an incredible prediction at the time given the state of aviation, which had been almost grounded the year before by the COVID-19 pandemic.
Yet, with the rebound in air travel demand in 2021 and 2022, the lack of pilots quickly became apparent, starting in North America where the shortage is being most acutely felt. Our latest model, in part based on the Global Fleet & MRO Forecast 2022-2032, expects the region to face a shortfall of 8,000 pilots in 2022, about 11% of the total. That gap will grow to more than 29,000 by the end of the decade.
Absent a downturn in future demand and industry efforts to bolster the supply of pilots, travelers should anticipate continued near-term cancellations and delays until airlines are better able to accommodate traffic with scaled-back flight schedules. These would more accurately reflect the size of the pilot workforce and are likely to involve further reductions in service to smaller markets.
The Inflation Shift: Volume 4 | Air Travel and Aviation
Rising inflation is compounding the impact of the pandemic across the aviation industry. Usually inflationary pressures dampen leisure travel, but the leisure-led recovery continues to be strong as people prioritize experiences and take advantage of the summer travel season. The boom has come with some difficult-to-solve complications that are preventing airlines from fully capitalizing on the comeback.
For carriers, escalating costs are putting additional pressures on the industry just as it is rebounding back. Additionally, workforce availability woes abound and have airlines pulling capacity out of the market so they can more reliably operate their schedules. Unfortunately, traveler experiences have been negatively impacted for many, and these labor shortages extend well beyond just the airline and into the airport, hospitality, and restaurant industries.
Volume four of The Inflation Shift examines how inflation is shaping the three big cost categories for the aviation industry – labor, fuel, and maintenance - and what consumers can expect from airlines in the coming months.
As access to space becomes more affordable, private investment in space activity is increasing. But new opportunities could be accompanied by an emerging set of risks.Adam Sturmer, Global Head of Sales, Marsh Specialty Space Projects
Bouncing Back From Shocks
Our updated webtool leverages research from international organizations and academic institutions to provide a global overview of flood risk and its potential implications on human and economic systems under different climate change scenarios.
Our updated webtool leverages research from international organizations and academic institutions to provide a global overview of flood risk and its potential implications on human and economic systems under different climate change scenarios.
The CAT Resource Center from Guy Carpenter provides live event, post event, seasonal outlooks and periodic thought leadership regarding natural catastrophes, including hurricanes, winterstorms, wildfires and earthquakes.
The CAT Resource Center from Guy Carpenter provides live event, post event, seasonal outlooks and periodic thought leadership regarding natural catastrophes, including hurricanes, winterstorms, wildfires and earthquakes.
With more disasters comes a greater burden on responders to help disaster survivors in their time of need. We need to prioritize resilience actions to improve survivor outcomes.Daniel Kaniewski, former Deputy Administrator for Resilience at FEMA, now Managing Director of Public Sector at Marsh McLennan
While climate has a role in certain regions and perils on loss outcomes, I think there's evidence to say that climate change is only one of many factors at play.Jessica Turner , Managing Director, Catastrophe Advisory, Guy Carpenter
