Singapore firms fail to be proactive about risks
QBE Insurance poll shows that they tend to tackle such risks only after an incident
Add BT as a preferred source
Singapore
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.
TRENDING NOW
‘Capital guaranteed’ label for investment-linked policies misleading: MAS, Life Insurance Association
‘Singapore cannot afford to keep losing clients to Dubai and Hong Kong’: Industry says faster onboarding vital for wealth hub edge
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
The Singaporean turning Vietnam's Techcombank into an AI-first lender
