Why should we care about the rise of the intangible economy? The global economy has changed dramatically over the last twenty years, a change that is reflected in the shift from the “tangible” to the “intangible” – from goods to services.
Investment used to be mostly physical or tangible, that is, in machinery, vehicles, and buildings and, in the case of government, in infrastructure. For a company in the 21st Century, much investment is intangible, that is, in knowledge-related products like software, R&D, design, artistic originals, market research, training, and new business processes
In a series of blogs, Russell Group explore what this shift means for the world of risk, how corporates and (re)insurers can adjust to this new reality of intangible assets and how it relates to you in a very tangible career sense!.