Marsh McLennan Internship: Risk & Strategy

• Marsh McLennan operates in 130 countries as a global leader in risk, strategy, and people.
• Marsh McLennan has an annual revenue of over $24 billion.
• The internship may involve broking, client executive roles, and project work.
• The company values diversity and inclusion.
• The company offers a hybrid work model requiring 3 days in the office.
• The company emphasizes professional development in a supportive environment.

Why an Internship in Insurance?

• Insurance and risk advisory offer insights into policy-making and regulatory frameworks.
• Working in insurance offers a global perspective, enhancing understanding of how political decisions impact businesses.
• The internship provides regulatory insights and experience with the intersection of business and government.

Skills for the Internship

• Analytical skills are crucial for risk assessment and strategic decision-making.
• Effective communication skills are essential for client interactions and team collaborations.
• A global awareness from studies in international relations benefits working in a global company.

Mercer Marsh Benefits: Well-being Pillars

• Mercer Marsh Benefits (MMB) focuses on four pillars of well-being: physical, emotional, financial, and social.
• Benefit programs need to focus on all areas rather than isolating one.

MMB: Key Strategies and Advantages

• Effective health and benefits cost containment strategies include designing value, managing health risk, and driving efficiencies.
• A global benefits management approach helps in accessing data, reducing costs, and streamlining processes.
• Digital solutions, like DARWIN technology, provide real-time insights for benefits management.

MMB: How They Help

• MMB offers global advisory, compliance, local servicing, and specialized technology.
• They provide digitized benefits administration and cost management.
• MMB assists with data analytics and insights, saving time and preventing errors in employee data reports.

Wellness and Support

• MMB helps with mental health support, medical plan design, and inclusive benefits.
• They offer digital health and wellbeing initiatives.
• MMB supports physical, emotional, social, financial, and career wellness.

HR and Benefits Technology

• Organizations plan to increase spending on HR and benefits technology.
• Many organizations are addressing the risk of increasing health, risk protection, and well-being benefit costs.
• Most organizations see the value in consolidating their benefits technology and brokerage/consulting with a single advisor

Internship Overview

• The MMB Consulting Internship offers an opportunity to work with internal projects and clients while gaining a foundational understanding of the industry.
• Successful interns may secure a position in the 2026 graduate program.
• Interns will engage with both consulting and sales teams, assigned a graduate program buddy for support.
• They are expected to demonstrate engagement, proactive behaviour, and build a network within the company.
• Candidates should be self-motivated, possess strong communication skills, and be able to work independently or in teams.
• An interest in health, wellbeing, and social impact is valued.
• MMB fosters a vibrant and inclusive culture, promoting professional development and diverse workplace practices.
• The internship is designed to foster talent in the employee benefits consulting field, emphasizing professional growth, teamwork, and inclusivity

Recent Mercer News

• Marsh McLennan's Mercer is set to acquire SECOR asset management.
• SECOR is a global provider of bespoke strategic and portfolio solutions.

Employee Benefit Trends 2024

• The "Employee Benefits Market Trends" report by Marsh McLennan (MMB), from July 2024, outlines current conditions and future expectations for the healthcare, group protection, and pensions markets.
• Increased legislation, medical inflation, and evolving workplace pensions contribute to heightened market activity.
• There is a shift towards inclusive benefit strategies, improving work-life balance, and addressing diverse employee needs.
• Companies are facing double-digit increases in private medical insurance (PMI) premiums and a high demand for private healthcare solutions.
• Claims related to mental health and chronic conditions like cancer are on the rise.
• The report emphasizes the importance of pension adequacy and encourages active employee engagement regarding retirement planning.
• MMB emphasizes the need for flexible, inclusive, and sustainable employee benefits in response to changing workforce dynamics and healthcare demands.

Explore risk, strategy, and people at Marsh McLennan, a global leader in 130 countries. Gain insights into insurance, risk advisory, and the impact of policy-making on businesses. Develop analytical and communication skills in a supportive, diverse environment.