Systemic Cyber Risk: Is it Insurable?
Ransomware losses have spurred reinsurers to reconsider their total exposures.
At its core, aggregation risk triggers multiple policies.
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.
