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

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

DUBLIN, May 7, 2024 - Aon plc (NYSE: AON), a leading global professional services firm, today announced 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 here.

About Aon
Aon plc (NYSE: AON) exists to shape decisions for the better - to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries and sovereignties with the clarity and confidence to make better risk and people decisions that protect and grow their businesses.

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