Companies' concerns over reputational damage will drive demand, Marsh Singapore CEO Iris Teo tells JAMIE LEE
Mon, May 12, 2014 - 6:00 AM
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...