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.
At its core, aggregation risk triggers multiple policies.
Insurers are gathering more information and addressing limits. This can lead to higher prices and longer waiting times.
Exposures can range from possible to implausible, with a mix of behavioral uncertainty.
The Cybersecurity and Infrastructure Security Agency identifies 16 topics considered massive systemic risks.
