Systemic Cyber Risk: Is it Insurable?
Critical systems carry points of failure. Welcome to systemic risk.
Understanding the data of a particular risk opens a path to anticipating secondary effects.
Insurers are gathering more information and addressing limits. This can lead to higher prices and longer waiting times.
At its core, aggregation risk triggers multiple policies.
Exposures can range from possible to implausible, with a mix of behavioral uncertainty.
