The suite is powered by an analytics engine that links Marsh Risk's extensive risk dataset to its actuarial models and sector expertise.
Marsh said the launch marks a significant step forward in its use of artificial intelligence to give clients a more detailed view of their risk exposures and mitigation options, as well as to deliver its capabilities at greater speed and scale.
According to the company, Risk Companion is intended to support risk managers from initial identification of exposures through to stress testing program structures and presenting options to senior management. The engine is designed to surface structured, comparable outputs from Marsh's data rather than raw information, with the aim of making it easier for clients to test different program structures and document their risk appetite.
“As risks have become more complex, interconnected, and volatile, clients around the world need quicker access to the data, analytics, and insights that enable them to cut through the noise and act with greater confidence at key moments,” said Michelle Sartain, president of US and Canada, Marsh Risk. “Risk Companion’s suite of connected solutions enables clients to turn insights into action across the risk lifecycle, from identification to measurement to treatment.”
The launch follows several years of investment by Marsh McLennan in data and analytics capabilities, including its Blue analytics tools and digital broking platforms, which the group has highlighted as key growth drivers in recent investor updates.
Marsh Risk said it will unveil the first two Risk Companion tools at RIMS RISKWORLD 2026 in Philadelphia, from May 3 to 6.
Renewal Companion is designed to let clients model retentions, limits, deductibles and coverage in real time, compare outcomes, and produce board‑ready recommendations. The tool is aimed at making renewal negotiations more data‑driven and at helping risk and finance teams align on programme design, particularly where capacity is constrained or pricing is volatile.
Captive Companion will provide clients with access to up‑to‑date financial metrics for their captives, automated reporting and document workflows, and benchmarking analytics. Marsh said the tool is intended to help captive owners act more quickly, reduce manual work and optimise capital use.
The launch reflects a broader shift among global intermediaries and carriers to embed AI and advanced analytics more deeply into core insurance workflows. Marsh’s parent group has reported that data‑ and analytics‑driven offerings are an increasingly important contributor to growth within its Risk & Insurance Services segment, even as traditional pricing cycles fluctuate.
In practice, tools like Renewal Companion are likely to be used to support discussions around program structure, attachment points and alternative risk transfer, particularly where boards are demanding clearer justification for changes in limits or retentions.
As Marsh rolls out Risk Companion in phases, insurance professionals can expect more renewal discussions to be backed by modelled scenarios and benchmarking, and for corporate buyers to press for programme structures that reflect their own analytics as well as prevailing market conditions.
