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Risk Management Role of Insurance in Energy Infrastructure Security & Resilience (Hardcover)
Loot Price: R3,166
Discovery Miles 31 660
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Risk Management Role of Insurance in Energy Infrastructure Security & Resilience (Hardcover)
Expected to ship within 12 - 17 working days
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This book examines key risks that the Nations critical energy
infrastructure is confronting and the ways in which the insurance
industry can help manage these risks, including how it identifies,
assesses, and manages them and their potential impacts. Today,
weather-related incidents account for the majority of economic
losses in the insurance industry as well as in the critical
infrastructure sectors. In addition to the traditionally-recognised
natural hazards, critical energy infrastructure faces significant
emerging threats, including cybersecurity and space weather risks.
While the United States has a large, mature insurance market,
developing insurance mechanisms for protecting critical
infrastructure from these emerging risks remains a significant
challenge. The lack of historical data on the frequency and
severity of these events, the changing nature of technologies
impacted by them, as well as the inherent uncertainties posed by
these risks make it difficult to accurately assess these emerging
risks and develop proper insurance products. Insurance instruments
can be a useful risk mitigation tool for critical infrastructure by
encouraging resilience-enhancing investments and acilitating
recovery after a disaster. However, due to the increased
interdependencies across various critical infrastructure systems
and sectors as well as the growing dependence of todays society on
the critical infrastructure functions and advanced technologies,
the question of insurability of critical infrastructure against
emerging risks faces new challenges.
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