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Cyber liability insurance to grow

Companies' concerns over reputational damage will drive demand, Marsh Singapore CEO Iris Teo tells JAMIE LEE

Ms Teo: 'Insurance for new and emerging risk areas, such as cyber risk, always requires a longer gestation period'

MARSH Singapore, the largest insurance broker by market share here, expects demand for cyber liability insurance to grow as companies become more concerned over reputational damage from a cyber attack.

A survey it conducted showed that significantly more companies (65 per cent) this year...

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