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Cyber risk management: a new challenge for actuarial mathematics

A specific kind of insurance that is emerging within the domain of cyber-systems is that of cyber-insurance. Cyber-insurance is the transfer of financial 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.

Mathematical and Statistical Methods for Actuarial Sciences and Finance (MAF 2018), Madrid, Spain, 2018

Autori esterni: Maria Francesca Carfora (Istituto per le Applicazioni del Calcolo "M. Picone", Consiglio Nazionale delle Ricerche), Albina Orlando (Istituto per le Applicazioni del Calcolo "M. Picone", Consiglio Nazionale delle Ricerche)
Autori IIT:

Tipo: Contributo in atti di convegno
Area di disciplina: Computer Science & Engineering

File: cyber-risk-man.pdf

Attività: Critical Infrastructure Security