Concurrent Session B - Actuarial Perspectives on Cyber Pricing/Reserving/Aggregation Management, a Conversation presented at ICRMC 2019

by Ben Laux,

Summary : A Cyber Actuary and a Cyber Security Expert Walk into a Bar… Any discussion of cyber risk modeling usually starts with complaints about the evolving threat and scarcity of data. Thus far, actuaries have approached cyber risk with caution, even as the cyber insurance market has grown rapidly around them. Meanwhile, a small number of cyber security experts have taken steps to understand cyber insurance with the aim to establish a quantitative foundation for managing cyber risk. Join us for a conversation between two such individuals as they explore the tough questions and share their insights around cyber aggregation risk, silent cyber exposure, risk selection, reinsurance, and cyber catastrophe events, to name a few.