The risks posed by technology are growing as fast as the systems themselves and risk managers should look for added value from their insurers, FM Global UK and Italy operations manager Stefano Tranquillo has warned.

Tranquillo said some insurers were adapting to this “brave new world” of e-commerce better than others, and risk managers should get service from their insurer that adds value.

“Insurers need to recognise how an organisation's business is changing and the various interdependencies that exist within their business models,” he said.

“The most forward-thinking insurers will develop tools that allow them to understand new business processes and help assess the risk in order to develop innovative risk management and underwriting solutions,” Tranquillo added.