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