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Risk Management Trends and Observations for Wireless Telecommunications Services

January 4, 2013 – 2012 was a challenging year for the wireless telecommunications services industry. While the industry continues to be highly concentrated, the competitive landscape was stiff and the firms were not without challenges.

In order to succeed in 2013 and beyond, the industry must get better at managing the business challenges. That includes the rapid change of technology, continued labor union challenges in selected areas, the high dependence and risks associated with third-parties and the importance of selecting good business partners.

But the firms that can take the flip side of “risk” and turn it into “opportunity” are those that can make the most of advertising revenues, find ways to reduce customer churn and continue to keep the technological pace with the latest devices and applications.

TechAssure members know that a successful insurance and risk management program addresses general business risks, risks associated with your industry and risks specific to your company.

Give a TechAssure member a call to find out more about our insurance products and risk management solutions.

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