Systemic Cyber Risk: Is it Insurable?
At its core, aggregation risk triggers multiple policies.
The Cybersecurity and Infrastructure Security Agency identifies 16 topics considered massive systemic risks.
Critical systems carry points of failure. Welcome to systemic risk.
Insurers are gathering more information and addressing limits. This can lead to higher prices and longer waiting times.
Many cyber risks have been covered with only a vague understanding of the factors that support pricing and risk differentiation.