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.
Ransomware losses have spurred reinsurers to reconsider their total exposures.
Insurers are gathering more information and addressing limits. This can lead to higher prices and longer waiting times.
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.
