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Risk in Context Podcast: Tech companies reset priorities, explore new opportunities

Tech companies need to understand their vendors’, suppliers’, and business partners’ risks to better identify, assess, and manage their own risk landscape.

The tech industry has experienced tremendous growth in recent years. But the economic slowdown, coming on the heels of the COVID-19 pandemic and other disruptions, is threatening the future success of many tech companies, leading to a reset of priorities as they explore ways to mitigate both evolving and emerging risks.

In this episode of Risk in Context, Tom Quigley, Marsh's US Technology Industry Practice Leader, talks to Larry Liu, Communications, Media, and Technology Industry Leader for Marsh Asia, about the challenges and opportunities that technology companies are facing and how they are adapting to ensure continued growth. This episode also features conversations with Jaymin Kim, Director of Commercial Strategy at Marsh McLennan Advantage, Jackie Quintal, Managing Director and Digital Asset Leader, and Sam Tiltman, Sharing Economy and Mobility Industry Leader for the UK and Ireland, around the metaverse, digital assets, and autonomous mobility.

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Key takeaways

Understand your entire risk ecosystem

Tech companies need to understand their vendors’, suppliers’, and business partners’ risks to better identify, assess, and manage their own risk landscape.

Focus on enabling growth

Risk professionals can help drive growth through actions that streamline contract negotiations and enable the most suitable risk transfer solutions.

Market your insurance program strategically

In a changing environment, tech companies should carefully review their insurance program and make the necessary changes that allow them to more effectively transfer risk and prioritize areas of investment.

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