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Man-made risk accumulation can cause catastrophe: Peak Re

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Kun Cheng, assistant vice president of analytics at Hong Kong-based Peak Reinsurance Co. Ltd., has said that the accumulation of man-made risks can result in catastrophic consequences, reported Asia Insurance Review.

Mr. Cheng said that "these risks exist, but are not easily captured."

"We usually have limited awareness of these risks and are not able to model them correctly," added Mr. Cheng.

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