Modest growth in the global economy changes the tech and life sciences industry. It is clear that in today's era, innovative firms are faced with more risk than ever.
AUSTIN, Texas, Oct. 25, 2013 /PRNewswire/ — Members of 22 independent insurance brokerage firms of TechAssure Association gathered at the Trianon Palace in Versailles, France for their semi-annual member conference.
International, insurance and risk management professionals from across the globe attended the conference to review the state of the insurance and risk management market for the technology, life sciences, venture capital and private equity industries. TechAssure Association members from the U.S., Canada, France, U.K., Netherlands and Ireland attended. Carrier partners from Chubb, Travelers, One Beacon, Lloyds, CFC Underwriting and SafeonLine were also in attendance.
Presentations included the state of the global technology and life sciences industry, review of mergers and acquisitions activity and a review of the trends in structuring global insurance programs for the technology industry. In addition, the conference highlighted changes in assessing global D&O and E&O exposures and the growing cyberliability regulations throughout the world.
The conference ended with best practices presentations from TechAssure Association members on new product innovation, service and distribution. "What's required in the marketplace is a collaborative and productive sharing of innovative ideas to better support the risk management needs of innovative industries," said Julie Davis.
TechAssure Association is the world's premier network of independent insurance and risk management firms that focus on the unique exposures of technology, life sciences, venture and private equity industries.
"One lesson gleaned from our fall conference is that our members have a strong commitment to lead the industry with new ideas and product innovation that meets the growing risks that technology and life science firms face," said Julie Davis, executive director, TechAssure Association. "Technology and Life Science companies across the globe deal with more risk, litigation and regulatory challenges compared to most other industries and our members are committed to delivering solutions. The aim of this semi-annual conference was to enable our global members, and their clients, to stay abreast on the top risk issues and trends in the technology and life sciences industries."
This was the last member conference of 2013 and comes on the heels of the development of new insurance and risk management tools for the members of TechAssure Association and a tremendous year of interaction and collaboration for TechAssure Association members across the globe.
About TechAssure Association, Inc.
Founded in 2001, TechAssure Association is a non-profit organization and has 22 worldwide insurance broker members in eight countries, serving over 4,000 industry clients with annual industry insurance premiums of $2 billion.
The members of TechAssure help a wide range of technology clients develop effective risk management and workforce productivity solutions, so they feel more confident about managing their risks in the future. TechAssure members are affiliated with forty-eight technology associations throughout the world.
TechAssure Association leads TechAssure University, TechAssure Innovation Labs and is managing partner for VentureInsure.
TechAssure members include:
The Addis Group, AHT Insurance, AHM Financial Group, Audit & Risk Solutions, Avatar, Bolton & Co, Costello & Sons, Diversified Insurance Group, Dorens & DeWaal B.V, Giles Insurance Brokers LTD, Globalex, GPL Assurance, Gregory & Appel, IMA Corporation, JJ Wade & Associates, Keaney Insurance Brokers, Mason & Mason Insurance, Plexus Groupe, Prudent Brokers, RJ Ahmann & Co, Roach Howard Smith & Barton, Rollins Agency, Sanderson Risk Advisors. In addition, TechAssure has worldwide partnerships with legal, venture capital and key partners in the insurance industry.
Contact:
For more information, contact: Julie K. Davis, executive director, TechAssure Association, Inc at 512-377-9594, xt 700 or by email.
You can find TechAssure on the web at http://www.techassure.com and you can follow at Twitter at http://www.twitter.com/techassure