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Sustainable insurance withstands catastrophic events while enabling insurers to conduct business and plan for the future.
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Significant progress has been made in advancing vendor’s cyber catastrophe models, but a notable degree of variability exists across model outputs, which can pose a challenge to insurance and reinsurance companies as they formulate their views of risk, according to a report from Guy Carpenter.
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The concept is widely adopted in manufacturing and supply chain. Insurers that integrate digital twins will significantly out-compete rivals.
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