About Risk Management Consulting
Risk management consulting involves the advising services to help organizations and individuals to assess the risk and develop a plan to mitigate the loss due to risk. The advisor or the consultant provides advisory not only conventional insurance to manage the risk but also on self -insurance like topics, claim management, loss prevention and projet advisory, etc.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ernst & Young Global Limited (United Kingdom), Deloitte Touche Tohmatsu Limited (United Kingdom), KPMG International Cooperative (Netherlands), Arthur J. Gallagher & Co. (United States), Protiviti Inc. (United States), Atradius Collections (United States), Refinitiv (Canada), FM Global (United States), Hicks Risk Management Consulting LLC (United States), Aon plc (United Kingdom) and Marsh Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Risk Management Consulting market by Type (One-Stop Consulting and Boutique Consulting), Application (SME (Small and Medium Enterprises) and Large Enterprise) and Region.
On the basis of geography, the market of Risk Management Consulting has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Verticals, the sub-segment i.e. Real Estate will boost the Risk Management Consulting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Risk, the sub-segment i.e. Data Breaches will boost the Risk Management Consulting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging Automation in Risk Management Consulting and The Increasing Use of Risk Management Consulting in Supply Chain Services
Market Growth Drivers:
Increasing Demand for Risk Mitigating Solutions from Various Industries and Rising Number of Insurance Policies and Risk Associated with it
Challenges:
Stringent Regulatory Standards Associated with Risk Management Consulting
Restraints:
The slowdown of Economy and Global Pandemic Might Impact the Risk Management Consulting Market
Opportunities:
Growing Demand for Risk Management Consulting from Developing Countries
On 10th January 2020, Arthur J. Gallagher & Co. announced that it has acquired a 60% interest in Caribbean insurance broker Risk Management Services Limited (RMS). Terms of the transaction were not disclosed. and On 25th October 2019, Arthur J. Gallagher & Co. announced that it has completed its purchase of a minority stake in Edelweiss Insurance Brokers Limited, a subsidiary of India's leading diversified financial services conglomerate, Edelweiss Group.
Key Target Audience
Risk Management Consulting Service Provides, Risk Management Consulting Industry Associations, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.