Every industry increasingly relies on intangible assets. (peach_adobe/Adobe Stock) Every industry increasingly relies on intangible assets. In many cases, the economies of scale derived from intangible benefits dwarf what can be achieved through tangible assets. (peach_adobe/Adobe Stock)

As cyber, intellectual property (IP), and digital perils become more complex, managing these risks has become increasingly challenging. The 2022 Aon/Ponemon Intangible Assets Financial Impact Study found that while 86% of businesses recognize cyber and IP among the top 10 business risks but they continue to undervalue and under-insure intangible assets relative to tangible assets. Furthermore, 84% of organizations use or intend to use cryptocurrency or non-fungible tokens (NFTs) in the next 12 months.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.