The Role of Intermediaries in Placing Cyber Risk
With the wealth of data available to companies and their insurer partners, there should be enough information to tailor specific insurance cover to any organizations’ needs. However, upon deeper analysis, there are several structural factors across the market that contribute to this inefficiency and under-protection of corporations.
Understanding the Role that Brokers and Analytics Play in the Cyber Risk Ecosystem | Oren Schetrit and John Anderson
Understanding of exposure to cyber risk and the gap that exists between small and large companies in understanding can be augmented by the role that brokers and analytics play in the cyber risk ecosystem
Designing a Cyber Catastrophe
The creation of risk scenarios is one of the most important, complex and (for many) interesting aspects of risk management in the insurance sector...
Looking Beyond the Clouds
The inexorable spread of the digital economy is fundamentally changing the nature of risk, presenting unique opportunities – and challenges – to the (re)insurance industry...
Uncertain insurance futures: The importance of thinking beyond the horizon on digital risk
Internet-connected technologies will fundamentally reshape risk in the 21st Century and in doing so they will fundamentally reshape the risk transfer industry...
MMC Cyber Handbook 2019
According to the World Economic Forum’s 2018 Executive Opinion Survey of more than 12,500 executives, large cyber-attacks are ranked as the #1 risk for doing business virtually across all advanced economies. As companies develop their approach to this dynamic and challenging threat in 2019, there are some emerging trends that they should consider...
Actuaries Beware: Pricing Cyber Insurance is a Different Ballgame
Growth in the cyber insurance market has recently occurred at warp speed, with more than 60 companies writing in the United States alone and market premiums amounting to approximately $2.5 billion annually...
Beyond Claims – 5 Data Sources Insurers Must Understand to Assess Cyber Risk
Expected to jump from ~$3B to ~$20B in gross written premiums by 2025, cyber insurance is one of the fastest-growing insurance industry segments over the past several decades. Insurers and reinsurers alike are increasingly recognizing this stratospheric growth as a huge commercial opportunity...
Latest Industry Trends in Cyber Security and Cyber Insurance
Cyber insurance is one of the most important new insurance lines to emerge in decades. According to Lloyd’s, cybercrime already costs organizations an estimated $400 billion every year, and this number is growing every year...