Challenges in Cyber Risk Insurance

Marco Pirra ()
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Marco Pirra: University of Calabria

A chapter in Mathematical and Statistical Methods for Actuarial Sciences and Finance, 2024, pp 261-266 from Springer

Abstract: Abstract This paper illustrates the main challenges identified in the literature on cyber risk assessment in order to provide possible solutions for the reduction of the gap between supply and demand of cyber insurance. The aim is to contribute to a better understanding in quantifying, managing and pricing cyber risk by means of: a deeper awareness of the economic consequences they produce; the introduction and validation of new actuarial techniques to allow insurers a more efficient management of this class of risks; the design of innovative insurance contracts and alternative ways of risk transfers to reduce the costs of insurance premiums and mitigate the economic impacts.

Keywords: cyber insurance; risk management; parametric contracts (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-64273-9_43

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DOI: 10.1007/978-3-031-64273-9_43

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