Taylor Wessing Insurance Media Survey

Highlighting opportunities for media risk targeted insurance

The Taylor Wessing insurance group in conjunction with the Taylor Wessing media group have recently been advising insureds and market participants on a number of risks (such as defamation, privacy, malicious falsehood, data protection and advertising regulations) arising both from the use of new technologies and the promotion of information through social and other media.

Whilst there are a number of interesting new products to cover these risks, many major institutions seem unaware of the extent of the potential risks arising from the way in which new technology is being used and from the dissemination of information about their businesses.

To gauge awareness generally, Taylor Wessing commissioned a survey designed to assess awareness of insurance risks generally and to see if both insureds and market participants are familiar with both the insurable risks and cover available.

Whilst anticipating some lack of awareness in the market generally, the survey has highlighted the extent to which current industry standard policies do not cover evolving areas of risk and suggests that there are substantial opportunities available to the market to provide the necessary cover.

Read more about our key findings

Lawyers Peter Kempe, Niri Shanmuganathan