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.
Understanding the data of a particular risk opens a path to anticipating secondary effects.
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.
Critical systems carry points of failure. Welcome to systemic risk.
