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It’s more important than ever that HNW individuals implement proper insurance risk management strategies to help defend their financial well-being. (Photo: iStock)

By the end of this year, Capgemini and RBC Wealth Management anticipate that the wealth of high-net-worth (HNW) North Americans will have grown by 7 percent.

With billions of dollars on the line, it’s more important than ever that HNW individuals implement proper insurance risk management strategies to help defend their financial well-being. While many have taken the necessary precautions to protect their families, assets and livelihoods, an emerging crop of unfamiliar property and casualty exposures — from vulnerabilities related to the Internet of Things (IoT), cyber-extortion and passionate pursuits — threaten to disrupt the best-laid 2017 insurance programs.

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