Cyber Risk Management: A New Challenge for Actuarial Mathematics

Maria Francesca Carfora (), Fabio Martinelli (), Francesco Mercaldo (), Albina Orlando () and Artsiom Yautsiukhin ()
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Maria Francesca Carfora: Istituto per le Applicazioni del calcolo “M. Picone” - Consiglio Nazionale delle Ricerche
Fabio Martinelli: Istituto di Informatica e Telematica - Consiglio Nazionale delle Ricerche
Francesco Mercaldo: Istituto di Informatica e Telematica - Consiglio Nazionale delle Ricerche
Albina Orlando: Istituto per le Applicazioni del calcolo “M. Picone” - Consiglio Nazionale delle Ricerche
Artsiom Yautsiukhin: Istituto di Informatica e Telematica - Consiglio Nazionale delle Ricerche

A chapter in Mathematical and Statistical Methods for Actuarial Sciences and Finance, 2018, pp 199-202 from Springer

Abstract: Abstract A specific kind of insurance that is emerging within the domain of cyber-systems is that of cyber-insurance. It allows for transferring the residual risk associated with network and computer incidents to a third party. Insurance companies are increasingly offering such policies, in particular in the USA, but also in Europe. The emerging trends in cyber insurance raise a number of unique challenges and force actuaries to reconsider how to think about underwriting, pricing and aggregation risk. Aim of this contribution is to offer a review of the recent literature on cyber risk management in the actuarial field. Moreover, basing on the most significant results in IT domain, we outline possible synergies between the two lines of research.

Keywords: Risk management; Cyber risk; Cyber insurance (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-89824-7_36

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DOI: 10.1007/978-3-319-89824-7_36

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