Aon report identifies accelerated growth of AI, IP and cyber assets, despite persistent protection gap

Dublin, Ireland (May 7, 2024) – Aon plc, a leading global professional services firm, is pleased to announce findings from the Intangible Versus Tangible Risk Comparison Report 2024. The report identified that a persistent protection gap persists for intangible assets, with only 19 percent of intangible asset value insured compared to 60 percent for tangible assets.

The report offers businesses insights that will provide a better understanding of the evolving threats of artificial intelligence (AI), cyber and intellectual property (IP) and highlights the role insurance can play in protecting intangible assets to help organizations make better decisions regarding allocation of their finite resources to protect against tangible and intangible perils.

Additional key findings from the report include:

  • The likelihood of a loss is higher for intangible assets than for tangible assets.
  • The average total value of intangible assets is nearly 14 percent higher than that of tangible assets.
  • The average probable maximum loss for intangible assets is almost 37 percent higher than that of tangible assets.
  • Sixty-seven percent of organizations use or intend to use AI products or services.
  • Fifty-six percent of organizations had a material or significantly disruptive security exploit or data breach one or more times in the past 24 months.
  • While most organizations do not have specific IP insurance policies, nearly two-thirds of organizations say they have an interest in purchasing them.

Aon sponsored the research, conducted by the Ponemon Institute, which sampled 2,462 organizations in North America, Europe, the Middle East, Africa, Asia Pacific and Latin America who are involved in cyber risk management and enterprise risk management activities for their companies.

Read the full Intangible Versus Tangible Risk Comparison Report 2024.

About Aon

Aon plc (NYSE:AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Our colleagues provide our clients in more than 120 countries and sovereignties with advice and solutions that give them the clarity and confidence to make better decisions to protect and grow their business. For more information, visit www.aon.com.

Aon UK Limited is authorised and regulated by the Financial Conduct Authority for the provision of regulated products and services in the UK. Registered in England and Wales. Registered number: 00210725. Registered Office: The Aon Centre, The Leadenhall Building, 122 Leadenhall Street, London EC3V 4AN. Tel: 020 7623 5500. FP #13115 has been approved until 22nd January, 2026, after which time the content should not be used or distributed.

SOURCE: Aon plc

Tags: , , , , ,