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Cyber risk presents a new opportunity for reinsurers to expand their scope — and relevance — in the new digital economy. Cyber risk presents a new opportunity for reinsurers to expand their scope — and relevance — in the new digital economy. (Shutterstock)

In recent years, the reinsurance industry has faced substantial headwinds — both figuratively and literally. With catastrophic hurricanes and the California wildfires, many major reinsurers felt serious financial strain in 2017. Not only that: Leaders worldwide are concerned about how the entire industry operates and the sustainability of the reinsurance industry in the decades ahead.

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