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Business Interruption and Resilience for Technology Companies

Technology companies should proactively prepare for risk exposures and related insurances and risk management strategies.

Technology companies are at the forefront of change: recent technological advancements, as well as challenging economic conditions, are presenting numerous challenges for those stakeholders responsible for risk and insurance. Furthermore, the significantly worsening insurance market conditions are making risk transfer more difficult, restrictive and expensive. How can technology companies proactively prepare themselves for such risk exposures and related insurances and risk management strategies?

Technology companies are seeing greater pressure on insurance pricing and market capacity for Business Interruption (BI) insurance cover. As insurers are remaining cautious in the levels of BI risk that they are underwriting, being able to accurately map, quantify and declare holistic BI exposures will go a long way to mitigating these challenges. Furthermore, understanding the loss scenarios and financial impact of business interruption events is a key factor in the broader risk management process for technology companies. And having hard data combined with deep insights enables our clients to make informed risk management decisions.

Business Interruption and Resilience for Technology Companies