Singapore underwriters tackle intangible risks

cyber insurance, city

Marsh has seen a 30% increase in the take up of cyber insurance across Asia annually

As the risk landscape continues to evolve with growing concern over non-physical risks such as cyber and supply chain disruption, Singaporean insurers are responding with a growing suite of products for intangible risks. 

Ali Chaudhry, a managing director in Asia for Marsh JLT Specialty and Magda Chelly, head of cyber risk consulting in Asia for Marsh Singapore, say intangible insurance products are becoming more common in Asia.

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