Case Study: Insuring the Future of Everything
This chapter is a case study on cyber insurance. It begins with the history and context of cyber insurance, current offerings, coverage, policy limits, underwriting and assessment process, claim study, and current market challenges—for example, risk correlation, asymmetric information, pricing. Finally, it presents how principles of cybernomics can contribute to the future growth of the cyber insurance market.
Cyber insurance; cyber-risk aggregation; claim study; supplier risk; risk data sharing