Systemic Cyber Risk: Is it Insurable?
Critical systems carry points of failure. Welcome to systemic risk.
Many cyber risks have been covered with only a vague understanding of the factors that support pricing and risk differentiation.
Insurers are gathering more information and addressing limits. This can lead to higher prices and longer waiting times.
Reliable modeling begins with defining and refining the data required.
The Cybersecurity and Infrastructure Security Agency identifies 16 topics considered massive systemic risks.