RETAIL AND WHOLESALE
The industry is increasingly competitive and globalised, therefore businesses need to be focussed and agile to respond quickly and take advantage of opportunities in a crowded market. Companies are implementing new technologies to grow and operate their businesses, and customers are using technology in new ways putting greater reliance on systems which are hopefully up to the task. This is moving the risk conversation away from what it was in the past, the risks to your company are not just in the physical, but now the online/cyber space.
Your insurance program needs to move forward also, cyber risk has overtaken traditional exposures such as product contamination, have you considered the risk mitigation strategies surrounding it? Your clients are global, are you confident that your program is adequate and legal where your clients are?