Systemic Cyber Risk: Is it Insurable?
Insurers are gathering more information and addressing limits. This can lead to higher prices and longer waiting times.
Ransomware losses have spurred reinsurers to reconsider their total exposures.
Understanding the data of a particular risk opens a path to anticipating secondary effects.
Exposures can range from possible to implausible, with a mix of behavioral uncertainty.
Critical systems carry points of failure. Welcome to systemic risk.
