1、Resetting risk management prioritiesGlobal Technology Industry Risk Study 2023Resetting risk management priorities2 2Contents1Foreword2Economic slowdown challenging tech growth3Economic environment leading to cost cutting measures,including layoffs4Reliability and security remain top worries,but rep

2、utational risk emerging as a major concern5People risks may complicate existing challenges10Tech companies rethinking and remarketing insurance programs9Tech companies face large increases for key insurance lines8Risk focus:Metaverse Digital assets Advanced automotive7Development of new offerings pe

3、rsevering despite difficult economic conditions6Addressing the talent gap11Optimizing risk management12Enabling growth13Conclusion and next steps14Survey demographicsResetting risk management priorities3ForewordAfter more than a decade of strong growth,the technology industry is going through a rese

4、t,triggered mainly by shifting economic realities.Global economies are slowing,and access to capital is pausing as investors assess the economic landscape.Supply chain issues are affecting hardware sales,and tech companies are announcing layoffs at levels not seen in 20 years.Our Global Technology I

5、ndustry Risk Study 2023 shows how economic uncertainty is affecting risk management at technology companies as they focus on resetting priorities to respond to existing and emerging risks.To understand technology companies responses to global economic uncertainty,we surveyed over 300 risk management

6、 leaders from 29 countries across six continents.We thank all of our respondents for taking the time to answer our questions.We hope this years study helps you better understand how your peers view the changing risks affecting the technology industry,and provides guidance on how to better manage tho