This paper discusses the adequacy of insurance for managing cyber risk. To this end, we extract 994 cases of cyber …. These problems hinder the development of a sustainable cyber insurance market. We finish by discussing how cyber risk …

Mainstream insurance industry practices have adopted Value-at-Risk (VaR) from global financial industry as the pre …-dominant cyber insurance model being oblivious to both distinguishing characteristics of cyber-risks as well as statistical … properties of VaR. Such widespread misapplication of VaR for cyber risk insurance underwriting unless abated and corrected is …

In this study an exploration of insurance risk transfer is undertaken for the cyber insurance industry in the United … frequency and severity of cyber risk loss processes. We investigate the viability of insurance for cyber risk using a utility … two insurance questions posed in a real data driven case study analysis …

consequential insurance losses due to intrusions or viruses is one of the major reasons why the (re-)insurance industry has limited …