Virtual values: The impact of technology on businesses today

Technology businesses such as Google, Facebook, Amazon, Microsoft and eBay are all successful Fortune 500 firms. Yet the intangible assets on which these firms rely not only make them difficult to value, but also challenging to protect from a property loss perspective.

In today’s innovation-driven world, it may come as no surprise that intangible assets now comprise up to 90% of a business’s value. As a result, many businesses now depend on a complex web of interconnected resources including large IT infrastructures, outsourced service and business processes, and globally diverse supply chains; all of which make the risk management process more complicated than ever before.

What does this mean for insurers and their clients? Find out more.