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