Brokers launch tools to measure economic shifts

Marsh & McLennan Cos. Inc. Wednesday launched a tool to help businesses assess their exposure to different tariff scenarios as part of Sentrisk, its supply chain platform.

The tariff simulator models changing trade policies by supply chain tier, types of goods, and individual supplier relationships. It helps clients quantify their tariff exposure, forecast supplier price increases, and proactively manage their supply chain risk.

“In the face of significant changes to global trade policies, organizations must build stronger operational resiliency. That requires them to gain a deep understanding of their supply chains—well beyond direct suppliers—and know what changing trade policies mean for their bottom line,” Marsh LLC President and CEO Martin South said in a statement.

Also on Wednesday, Willis Towers Watson PLC launched Radar Vision, a performance monitoring tool tailored to insurers.

Radar Vision uses artificial intelligence to generate insights on inflation, competitor activity, claims and customer behavior.

Portfolio managers and underwriting, claims, pricing and data science teams can use the tool to automatically complete calculations and assessments, WTW said.