Power Failure - Risks? - R+V Versicherung

Reality - Blackout risks on the increase
• Short term power blackouts are experienced frequently
on a local or regional level around the world, caused by
natural catastrophe events like earthquakes, storms,
floods or heat waves, societies are not familiar with
large scale, long-lasting, disruptive power blackouts.
• Traditional scenarios only assume blackouts for a few
days and losses seem to be moderate, but if we are
considering longer lasting blackouts, which are most
likely from space weather or coordinated cyber or
terrorist attacks, the impacts on society and economy
might be significant