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Industry

Technology, Media and Telecommunications

In the ever-changing world of tech, media and telecommunications, organisations face a multitude of challenges that requires advisors who understand the industry’s unique people and risk challenges. We’re skilled in the complex technology marketplace, and experienced in exposures associated with foreign manufacturing, outsourcing, intellectual property and cyber risk, along with intensified government scrutiny and regulations.

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Global innovation and experience

The WTW Technology, Media and Telecommunications (TMT) practice is innovative, experienced and global. We will evaluate your current exposures, potential risks and human capital needs to design the optimum risk and human resources (HR) programs by analyzing your needs, creating solutions and accessing necessary resources worldwide. We will provide you with service in both insurance and employee benefits as you negotiate today's complex environment.

The WTW TMT Practice serves providers of:

Technology

  • Hardware and electronics
  • Software
  • Semiconductor
  • Technology services
  • Internet service providers and data management
  • Specialty products and services:
    • Emerging Technologies (e.g. AI, Robotics)
    • Government contracting
    • New sector technologies (e.g. GigTech, Fintech, AeroTech, AutoTech, and HealthTech)

Media

  • Broadcasting
  • Advertising and marketing
  • Publishing and social media
  • E-commerce

Telecommunications

  • Communications service providers (wired and wireless)
  • Telecom equipment and hardware

How we can help

Despite the prevalence of unique exposures, tech, media and telecommunications companies also must have adequate protection against traditional risks such as property, liability, business interruption, crime, environmental etc. Management liabilities and issues associated with employee benefits must also be addressed.

Risk

We offer a wide range of services, products and innovative solutions to meet the ever-changing risk needs of the technology, media and telecommunications industries. Our experts provide actuarial services and analytics, loss control services, claims advocacy and management, insurance and risk management program design and marketing, and seamless international services.

Our offerings include:

  • Executive risks
  • Business interruption and contingent business interruption
  • Errors and omissions liability
  • Environmental liability
  • Surety
  • Collateral review/negotiations
  • International network
  • Property and casualty
  • Cyber liability
  • Product liability
  • Workers' compensation
  • Loss control
  • Alternative risk transfer solutions
  • Captives
  • Intellectual property risk management
  • Trade credit
  • Satellite/signal interruption
  • Merger and acquisition consultancy reps and warranty
  • Credit, political risk and terrorism
  • Directors & officers
  • Pooling
  • Product recall
  • Affinity program

People

The world of tech, media and telecom moves quickly — a product can go from concept to consumer in as little as three months. Your talent is key to your success. Losing key talent amid the development and launch of a key new product can be the difference between success and failure — and not just for the product, but possibly the whole company. We can help you develop HR programs to attract and retain the critical talent you need to succeed. We can partner with you to tailor HR programs to your unique requirements.

Our offerings include:

  • Benefits administration and outsourcing
  • Compensation strategy and design
  • Contingent workforce management
  • Executive compensation
  • Future of work
  • Health and benefits
  • Inclusion and diversity
  • Mergers and acquisitions
  • Retirement, including 401(k)
  • Total rewards
  • Talent
  • Wellbeing

The WTW Technology, Media and Telecommunications practice can help you address your people and risk needs, so you can meet goals and seize new opportunities.

Footnote

WTW Insurances (Ireland) Limited, trading as WTW is regulated by the Central Bank of Ireland. In the UK, WTW Insurances (Ireland) Limited is authorised by the Central Bank of Ireland and is subject to limited regulation by the Financial Conduct Authority.

Details about the extent of our regulation by the Financial Conduct Authority are available from us on request.

Global innovation and experience

Our TMT practice, comprising analysts, risk modelers, consultants and brokers, supports clients around the world, tailoring solutions to your needs by pooling the necessary industry, geographic and analytical experience for businesses in the TMT sector.

Technology insurance and risk management

  • Hardware and electronics
  • Software
  • Semiconductors
  • Technology services
  • Internet service providers and data management
  • Specialty products and services:
    • Emerging technologies (e.g. AI, robotics)
    • Government contracting
    • New sector technologies (e.g. GigTech, Fintech, AeroTech, AutoTech, and HealthTech)

Media insurance and risk management

  • Broadcasting
  • Advertising and marketing
  • Publishing and social media
  • E-commerce

Telecommunications insurance and risk management

  • Communications service providers (wired and wireless)
  • Telecom equipment and hardware

Our risk transfer services for TMT risk managers

We don’t only provide insurance and mitigation solutions for the unique exposures TMT companies face. We also support you to have adequate protection against traditional risks such as property, liability, business interruption and crime. We help you address management liabilities and issues associated with employee benefits.

Our experts provide actuarial services and analytics, loss control services, claims advocacy and management, insurance and risk management program design and marketing, and seamless international services. Our offerings include:

  • Executive risks
  • Errors and omissions liability
  • Surety
  • International network
  • Cyber liability
  • Workers' compensation
  • Alternative risk transfer solutions
  • Intellectual property risk management
  • Satellite/signal interruption
  • Credit, political risk and terrorism
  • Pooling
  • Affinity programs
  • Business interruption and contingent business interruption
  • Environmental liability
  • Collateral review/negotiations
  • Property and casualty
  • Product liability
  • Loss control
  • Captives
  • Trade credit
  • Merger and acquisition consultancy reps and warranty
  • Directors & officers
  • Product recall

Managing people risks

The world of technology, media and telecom moves quickly — a product can go from concept to consumer in as little as three months. Your talent is key to your success in what is typically a fiercely competitive market. We can help you develop human resources (HR) programs to attract and retain the critical talent you need to succeed. We can partner with you to tailor HR programs to your unique requirements. Our offerings include:

  • Benefits administration and outsourcing
  • Contingent workforce management
  • Future of work
  • Inclusion and diversity
  • Retirement, including 401(k)
  • Talent
  • Compensation strategy and design
  • Executive compensation
  • Health and benefits
  • Mergers and acquisitions
  • Total rewards
  • Wellbeing

Our goal is simple. To use our experience in the technology, media and telecommunications sector to help you address your people and risk needs, so you can meet goals and seize new opportunities.

Contact us