Systemic Cyber Risk: Is it Insurable?
Ransomware losses have spurred reinsurers to reconsider their total exposures.
Many cyber risks have been covered with only a vague understanding of the factors that support pricing and risk differentiation.
Critical systems carry points of failure. Welcome to systemic risk.
Reliable modeling begins with defining and refining the data required.
Exposures can range from possible to implausible, with a mix of behavioral uncertainty.
