Singapore firms fail to be proactive about risks
QBE Insurance poll shows that they tend to tackle such risks only after an incident
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QBE Insurance's The Risk of Regret report revealed that the top three risks encountered by businesses in the past 12 months were loss of income due to business interruption, business systems and computers getting hacked, and equipment breakdown.
Yet, despite being acutely aware of such risks, many Singapore companies tend to take the reactive rather than proactive approach - addressing such risks only after experiencing an incident.
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