London: The UK's Management Consultancies Association, MCA, has linked up with insurance broker IHN to provide MCA member firms with research and advice on risk management in the consulting sector. IHN will also be the Association's approved provider of specialist insurance broking services.
The MCA says it chose to work with IHN following an extensive examination of the risk and insurance marketplace and consultations with member companies about their needs. Both organisations have committed to working together for at least five years.
The partnership between the two organisations will focus on three areas of activity:
- Research into the business and other risks facing management consulting firms and the effectiveness of their strategies for managing those risks
- Bespoke advice for individual MCA member firms on risk management in consulting
- Specialist insurance broking services to cover the full range of risks and the needs of MCA member firms
As part of this agreement, IHN will sponsor one of the Awards at this year's MCA Awards event on 18 April. These awards celebrate the best projects in UK management consultancy and attract entries from large numbers of the country's leading consulting firms.
Welcoming the partnership, Alan Leaman, CEO of the MCA, said, "Our relationship with IHN will help insurers to understand the business needs of management consultancies and provide our members with access to the best in risk and insurance advice. There are potential benefits for everyone."
Liz Foster, Managing Director of IHN, said, "I am delighted that IHN has been selected by the MCA as its insurance broker partner. We intend to create a sustainable relationship delivering expert advice coupled with excellent service standards. We look forward to meeting members in the coming months."