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Tag Archive for: telecommunications

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TechAssure Risk Survey Finds Telecommunications Sector Faces a Wide Range of Risks

During our 2013 risk management survey, we found that executives in the Telecommunications sector were aware of the main organizational risks.

Our survey, research, and experience also revealed the top risk concerns for firms operating in the wireless telecommunication sector. Key among these risks were risk of damage to reputation, brand, and image, security, network, and privacy risks, and risk of losing a firm’s intellectual property. In addition, we found that firms operating in telecommunication sector face increasing risks of changes in regulatory, legislative, and corporate governance environment as well as potential economic conditions changes and lack of ability to develop new and innovative products and services. Other risk factors facing players in the telecommunication industry include difficulties in accessing capital, risks associated with partnerships with vendors and other strategic alliances, interruptions in business operations, and failure to attract and retain key talent.

To retrieve a full copy of the summary of the 2013 TechAssure Association Risk Survey, please contact a TechAssure member.

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Telecommunications Industry Sharpens Questions on Risk Management

January 4, 2013 – The most commonly asked questions that TechAssure members receive about risk management include:

  • What are the risks associated with the introduction of new services to our customers?
  • What impact does geographic expansion have on our insurance and risk management program?
  • What ways can a solid insurance and risk management program help our firm minimize turnover?
  • What role does our distributors and supply chain have on our insurance and risk management program?
  • What can our company do to decrease our overall cost of risk?

Have an insurance or risk management question? Give a TechAssure member a call to find out more about our insurance products and risk management solutions.

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