Systemic Cyber Risk: Is it Insurable?
Exposures can range from possible to implausible, with a mix of behavioral uncertainty.
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.
Insurers are gathering more information and addressing limits. This can lead to higher prices and longer waiting times.
At its core, aggregation risk triggers multiple policies.
