What are the biggest business risks for local executives?

Terror attacks topped the list.

Business leaders in Singapore are most worried about terrorist and cyber attacks for their companies, said a new survey from Marsh & McLennan Companies and Zurich Insurance Group.

Singapore executives joined US counterparts in ranking terror and cyber attacks as their top two concerns.

Asset bubbles and data fraud or theft followed as top worries for local executives.

Singaporeans are also concerned about the spread of infectious diseases. The survey said it could be due to experience with SARS epidemic and Influenza and Zika virus outbreaks and Asia.

According to Zurich Insurance chief executive officer Reg Peacock, "As a technological hub with many large regional or global corporate headquarters here, Singapore is a potential target and it is good to see executives are aware of these risks. All companies should ensure they have clear risk mitigation and management strategies in place to manage these issues."