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Almost 30 percent of the 2016 losses were insured. The share of uninsured losses the so-called protection or insurance gap remained substantial at around 70 percent.
A widespread power outage caused by a cyberattack could undermine 'critical defense infrastructure' as well as much of the economy and place at risk the health and safety of millions of citizens.
Reinsurance, which still has plenty of capacity shows a slowdown in the rate of price decline, and innovation remains the key to meeting customer demands.
Operations are the foundation of any insurance organization and a key success factor in almost every aspect of business including the profitability of all revenue.
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