Biener, Christian; Eling, Martin; Wirfs, Jan Hendrik - In: The Geneva Papers on Risk and Insurance - Issues and … 40 (2015) 1, pp. 131-158
This paper discusses the adequacy of insurance for managing cyber risk. To this end, we extract 994 cases of cyber losses from an operational risk database and analyse their statistical properties. Based on the empirical results and recent literature, we investigate the insurability of cyber...