QBE considers the multiple challenges ahead for Information Communications Technology market
The UK technology sector is on the up, with growth in the digital sector outpacing GDP, according to the latest Tech Nation report. However, scratch beneath the surface and the already competitive market conditions of making and selling business and consumer electronics is getting tougher.
Competition in the information communications technology (ICT) market is fierce and costs are rising, while Brexit adds another layer of uncertainty. Across the IT distribution chain, companies large and small are under increasing pressure, with many looking to cut costs and expand their offering in order to survive.
To read the full article from QBE Credit Lines Risk Underwriter Karl McKiernan, click the link below….
QBE European Operations is part of QBE Insurance Group, one of the world’s leading international insurers and reinsurers and Standard & Poor’s A+ rated. Listed on the Australian Securities Exchange, QBE’s gross written premium for the year ended 31 December 2018 was US$13.7 billion.
As a business insurance specialist, QBE European Operations offers a range of insurance products from the standard suite of property, casualty and motor to the specialist financial lines, marine and energy. All are tailored to the individual needs of our small, medium and large client base.
We understand the crucial role that effective risk management plays in all organisations and work hard to understand our clients’ businesses so that we offer insurance solutions that meet their needs – from complex programmes to simpler e-trading solutions – and support them in minimising their risk exposures. Our expert risk management and rehabilitation practitioners focus on helping clients improve their risk management so that they may benefit from a reduction in claims frequency and costs.
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