
Tom Quigley
US Communications, Media and Technology Leader
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United States
As technological innovation accelerates at an unprecedented pace, technology companies face a risk landscape marked by intertwining and more complex risks. This year’s report takes a deep dive into today’s dynamic risk environment, where the ability to anticipate, comprehend, and mitigate risks has become essential for navigating challenges and building organizational resilience.
For tech companies, innovation remains a top priority. As firms develop new products and expand markets, tech leaders need to consider how growth can amplify risk exposures and increase the importance of evolving approaches to risk mitigation.
Generative artificial intelligence (AI) is transforming the industry, creating multiple opportunities for technology companies to monetize AI products, as well as gain operational efficiencies. The potential risks of AI, however, cannot be overlooked. Our survey respondents expect AI risks to grow significantly in importance over the next three to five years.
Cybersecurity remains a paramount concern. The frequency and severity of cyberattacks, the potential for systemic failures, and regulatory changes emphasize the need for robust cyber hygiene and resilient insurance programs.
The risks associated with high-tech properties, particularly related to natural catastrophes, are growing. Such events can cause extensive property damage and supply chain disruptions, with the potential for significant contingent losses. The casualty risk environment is now marked by a heightened litigation environment, longer claim cycles, and soaring jury verdicts.
Many tech companies are considering alternative risk transfer (ART) solutions to complement their traditional insurance program.
Capital market volatility, contractual risks, supply chain pressures, and the rise of synthetic media — such as deepfakes and AI-generated content — should be on risk managers’ radar. Staying ahead of these developments requires continuous risk assessment and adaptive strategies.
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