What's the forecast for Intangible Risks?
9th Annual JLT Global Communications, Technology & Media Forum
Salzburg 15th - 17th May 2012
In no other industry is the pace of change greater than in the communications technology and media sectors. Shifts in both the nature and scope of these sectors mean that businesses are constantly evaluating new and emerging threats and assessing their exposure.
Volatility in global sourcing of components and services, changing demand, intensifying competition and evolving legislation are driving a shift from tangible to non-tangible threats, creating unprecedented challenges for risk managers in communications and technology today.
Our specialist Communications Technology & Media Practice works exclusively with businesses involved in developing, manufacturing and marketing communications technology and media services, products, devices and components.
By working closely with you, we can help you respond to the dynamic risk environment of your industry and identify, model and transfer your risks.
Because integrated or enterprise risk management and risk financing evolve from a comprehensive view of your business, we take the time to fully understand all your activities. We will quantify your actual risks and volatility and analyse other variables, such as your underlying business strategy and appetite for retaining risk. We believe in listening and assessing your unique risk profile. This enables us to make specific risk recommendations that reflect the impact on balance sheet transfer and credit. Our risk-modelling process enables us to prioritise exposures and vulnerabilities and provide accurate information from which to create a strategy. For a truly bespoke solution, we find the balance between traditional insurance based risk transfer and a wide range of risk financing techniques.
Along with your in-house teams and external advisers such as insurers, banks and lawyers, JLT Specialty Limited can create the risk management, insurance and finance solutions specific to you.
A good example of our partnership approach is our successful annual Communications, Technology & Media Forum, a conference for risk managers from leading communications, technology and media insurers, claims experts and lawyers,
Peter HackerHead of Communications, Technology and Media Practice |
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This JLT White Paper focuses on:
- The disappearing separation of business models between communications, technology and media as these sectors converge
- A need for communication, technology and media companies to understand the risk implications of business models and recognise emerging new risks
- Chief Risk Officers, Risk Managers and Chief Information Officers having to seek risk transfer solutions to protect revenue and reputation
- Standard insurance products covering many but not all of the risks.
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