Article / Risk Management
Intangible Risks Prime Concern for Singapore Companies

According to StrategicRISK's 2014 Singapore Risk Report, cyber risk and reputational risk were the top concern for risk practitioners and brokers.

Peter Jackson, CEO of Lockton Singapore, stressed the importance for companies to stay current and understand where they face risk.

"There needs to be much more focus companies’ intangible risks. Most companies’ insurance and risk management is out of date and too focused on physical risk," said Jackson.

The report addresses other challenges companies operating in Singapore face, including an ageing population and shortage of qualified workers. 

“There is a shortage of talent and too many people mistakenly believe that changing job every 18 months is a sustainable career strategy," said Jackson.

Read the full report

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