Business Insurance

Login  |  Register Subscribe



cbVid =

Singapore: Cyber liability insurance demand set to grow, says Marsh

May 12, 2014 - 6:00am


Marsh L.L.C.'s Singapore unit has said the demand for cyber liability insurance is likely to increase as firms' concerns over reputational damage increase, STJobs.sg reported citing The Business Times.

Marsh Singapore chief Iris Teo said the take-up of this type of cover has been gradual in Singapore, and this could mean a surge in demand in the future.

Ms. Teo said it is "encouraging to see the 'it won't happen to me' mindset changing, as companies recognize the new reality of cyber risk in Singapore and across Asia."

Read more

 



Get our daily Global Focus newsletter
  •  


You may also want to visit

International Content