Global Industry Solution
Technology, Media & Telecommunications (TMT) Insurance
Few industries are moving faster than TMT. It is at the very heart of global innovation, driving technological, societal and economic progress. Opportunities are immense. Yet with such rapid pace of change come risks, complexity, heightened regulative scrutiny and increasingly global exposures.
At Allianz Global Corporate & Specialty (AGCS), we are here to support the TMT sector with an industry solution that moves with the market. By balancing our expertise in emerging and unique exposures with traditional risks, we’re able to provide bespoke, flexible policies that meet the needs of the moment.
We appreciate that every client and every claim is different. That’s why we have established a specialist team of risk consultants, underwriters and claims experts with industry understanding that are ready to discuss your pain points.
Our teams are located around the world, combining local service with global reach, and serving all types of TMT risk. Adopting a simple and transparent approach based on communication, our aim is to provide exemplary service through a single point of contact.
Meet our experts
Jody Yee
Global Industry Solutions Director for Technology, Media & Telecommunications
Understanding the Technology, Media and Telecommunications (TMT) industry
Evolving markets require evolving solutions
Technology, Media and Telecommunications (TMT) Insurance
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Benefits
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Risks covered
Our strategy aligns with your innovation. As TMT companies continue to push the boundaries of what’s possible, AGCS moves with them, bringing transformative services, products and solutions to market.
- Single point of contact: delivers quick and efficient results, straightforward explanations, no wasted time, no nonsense – for a smooth and successful partnership.
- Holistic approach: our team of experts craft a variety of products for specialists in technology, media, telecommunications and more.
- Strong client relationships: client-centric deal and servicing teams deliver sustainable solutions across geographies and risk.
- Alternative Risk Transfer: tailor-made solutions for unique challenges that can be customized down to the finest detail, without the need for traditional business insurance.
- Underwriting teams: with thorough industry expertise, our underwriters identify and develop solutions for each specific challenge.
- Global claims experts: lead complex claims through a dedicated “single point of accountability” manager.
- Risk consultant engineers: experienced specialists from a wide range of technical and scientific disciplines provide in-depth analysis.
- Centrally coordinated global insurance programs: respond to cross-border exposures and regulatory/fiscal frameworks.
Our appetite in technology
- Hardware services (incl. manufacturing, semi- conductor, etc.)
- Software & IT professional services
- Data services
Our appetite in media
- Media
- Broadcasting
- Social media
Our appetite in telecommunications
- Telecom carriers
- Network operators
- Communications services providers
- Virtual service providers
What are the biggest concerns for the Technology, Media and Telecommunications (TMT) industry?
Top 5 risks in Technology
1. Cyber incidents
2. Business interruption
3. Pandemic outbreak
4. New technologies
5. Changes in legislation and regulation
The top five risks for the technology sector as voted for by 60 respondents in the Allianz Risk Barometer 2022.
Top 5 risks in Media
1. Pandemic outbreak
2. Business interruption
3. Cyber incidents
4. Loss of reputation or band value
5. Changes in legislation and regulation
The top five risks for the media sector as voted for by 37 respondents in the Allianz Risk Barometer 2022.
Top 5 risks in Telecommunications
1. Business interruption
2. Cyber incidents
3. Critical infrastructure blackouts
4. Pandemic outbreak
5. New technologies
The top five risks for the telecommunications sector as voted for by 20 respondents in the Allianz Risk Barometer 2022.
Related information
Financial Lines Insurance
We offer a suite of financial lines insurance solutions designed to address the liabilities of companies, managers and professionals in today’s increasingly litigious and demanding business world. We pride ourselves on our flexibility, adjusting to the needs of our clients.
Cyber Insurance
AGCS has a long experience in protecting organizations against cyber crime and digital threats. We offer you a range of cyber insurance products ranging from specialist, standalone cyber insurance to dedicated cyber risk coverage in traditional property and casualty policies.
Alternative Risk Transfer
Alternative Risk Transfer (ART) - blended risk retention/transfer solutions which serve as an alternative to, or enhancement of, conventional commercial insurance - is growing in popularity as multinationals seek bespoke flexibility for an increasing array of risk scenarios.
D&O Insurance
Our Directors and Officers Liability (D&O) Insurance provides cover for company managers to protect themselves from claims made against them. We insure include prospectus liability and employment practices liability and can also reimburse the insured company.
Property Insurance
AGCS specializes in corporate property insurance for the most complex and challenging risk exposures. With a focus on larger international risk portfolios, we offer tailor-made 'All Risks' property damage and business interruption insurance through our global network.
Allianz Multinational
Effective management of global risks is our core business. Our Allianz Multinational team provides a fully customized service responding to the cross-border exposures of our clients, while also taking into account the regulatory and fiscal framework in which you operate.
AGCS is here to partner with you
What you can expect from us
Technology, Media and Telecommunications (TMT) Insurance insights
More news, reports and hot topics
Annual survey identifying business risks
Allianz Risk Barometer
Top 3 business risks in Technology in 2022
- Cyber incidents (52%) - 2021 rank: 1 (61%)
- Business interruption (45%) - 2021 rank: 2 (44%)
- Pandemic outbreak (28%) - 2021 rank: 3 (30%)
Download the AGCS app
For users in North America
Our mobile app is a useful resource center for all our clients and brokers in North America. It features company information, product sheets and risk appetites for every line of business and service, and contact information for underwriters and other key members of the organization.
Allianz Group companies
The Allianz Group offers a wide range of products, services, and solutions in insurance and asset management and operates as an international insurer on almost every continent.
AGCS offices
With our worldwide network, Allianz Global Corporate & Specialty (AGCS) is one of the very few global insurers with an exclusive focus on the needs of global corporate and specialty clients.