Marsh & McLennan Unit Launches Cloud-Based Tech Solution

Marsh & McLennan Companies, Inc.’s (NYSE:MMC) subsidiary Mercer recently announced the launch of Mercer Mobility Management Platform (MMP), a cloud-based delivery solution, in collaboration with ServiceNow. This unique, cloud-based technology is introduced to lower expenses, risks and complications related to the talent mobility program. It will also boost overall employee experience.

The platform is a combination of Mercer’s expertise in HR and mobility along with ServiceNow’s Now Platform that streamlines the management of universal and domestic assignments. MMP not only provides interactive real-time data and content that enhance the experience of the staff but also improve service delivery and governance for the employer, thereby leading to mitigating risk and expenses.

It is basically a next-generation user experience with self-service employee portal that can be used from any device and provide an access to dynamic host location information, videos and optional engagement surveys. The platform helps calculating the real return on investments (ROI) and streamlining processes. It allows real-time reporting, predictive analytics, et al.

Notably, MMP gains traction from ServiceNow’s competence in data, technology and mobility service delivery so that it can assist in developing the overall process for its clients.

Per Mercer's 2019 Global Talent Trends Study, around 65% companies from all industries are planning to leverage their mobility programs for employee development purposes. MMP can aid such demands as the platform is adaptable to cater to the evolving requirements of global companies and their employees.

Marsh & McLennan has been constantly making efforts to drive its technological offerings. The company’s upliftments to digital capabilities poise it well for long-term growth.

Shares of this Zacks Rank #3 (Hold) company have rallied nearly 16.7% in a year's time, underperforming its industry’s growth of 20.4%.

Stocks to Consider

Investors interested in the insurance industry might look into some better-ranked stocks like eHealth, Inc. (NASDAQ:EHTH) , Brown & Brown, Inc. (NYSE:BRO) and Erie Indemnity Company (NASDAQ:ERIE) . You can see the complete list of today’s Zacks #1 Rank stocks here.

eHealth offers private health insurance exchange services to individuals, families and small businesses in the United States and China. The company sports a Zacks Rank #1 (Strong Buy) and delivered a beat in three of the last four quarters, the average positive surprise being 127.73%.

Brown & Brown sells insurance products in the United States, England, Canada, Bermuda and the Cayman Islands. It has a Zacks Rank # 2 (Buy) and pulled off average trailing four-quarter positive surprise of 4.56%.

Erie Indemnity works as a managing attorney-in-fact for subscribers at the Erie Insurance Exchange in the United States. The company is a Zacks #2 Ranked player and came up with average four-quarter positive surprise of 8.97%.

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