Skip to main content
Marsh logo

Article

Insurance Market Conditions Mixed for Communications, Media, and Technology Sector

While property and casualty insurance rates are mostly stable, insureds saw modest increases for errors and omissions liability insurance, driven in part by rising cyber insurance rates.

02/23/2016 · 1 minute read

The property insurance market in 2015 further softened for communications, media, and technology (CMT) companies while the casualty market was mostly stable.

Large loss exposures and contingent time element coverage issues are key for CMT companies with large diverse supply chains. Exposure to large losses is increasing for insurers due to continued mergers and acquisitions activity, especially in the communications sector and among makers of software and hardware.

Many CMT companies experienced modest rate increases for errors and omissions (E&O) liability insurance, driven in part by rising cyber insurance rates.

Looking ahead:

  • The property insurance market is likely to continue softening.
  • Slight rate increases for E&O liability are likely.
  • The impact of insurer consolidation within the directors’ and officers’ liability space remains unclear.

View or download the full article above.

United States Insurance Market Report: Communications, Media, and Technology

Related insights

Female Engineer uses Computer to Analyse Satellite, Calculate Orbital Trajectory Tracking. Aerospace Agency International Space Mission: Scientists Working on Spacecraft Construction. Over Shoulder

Article

COVID-19: Implications for Cyber, Media, and Tech E&O Coverage

03/21/2020
Placeholder Image

Article

Mobility as a Service

02/06/2020
Blurred crowd of unrecognizable at the street

Article

Managing the Risks of a Telecommuting Workforce

08/05/2019
In Technology Research Facility: Female Project Manager Talks With Chief Engineer, they Consult Tablet Computer. Team of Industrial Engineers, Developers Work on Engine Design Using Computers

Article

CMT Companies Face Increasingly Complex and Growing Array of Risks, Survey Finds

02/23/2016
View more