Systemic Cyber Risk: Is it Insurable?
Ransomware losses have spurred reinsurers to reconsider their total exposures.
Reliable modeling begins with defining and refining the data required.
Understanding the data of a particular risk opens a path to anticipating secondary effects.
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.
