Systemic Cyber Risk: Is it Insurable?
Critical systems carry points of failure. Welcome to systemic risk.
At its core, aggregation risk triggers multiple policies.
Reliable modeling begins with defining and refining the data required.
Insurers are gathering more information and addressing limits. This can lead to higher prices and longer waiting times.
Tech providers and some startups are developing tools for scanning, identifying and evaluating systems for potential points of failure.