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.
Exposures can range from possible to implausible, with a mix of behavioral uncertainty.
Ransomware losses have spurred reinsurers to reconsider their total exposures.
Reliable modeling begins with defining and refining the data required.
Tech providers and some startups are developing tools for scanning, identifying and evaluating systems for potential points of failure.
