This white paper examines the current exposure to cyberrisk and how insurers are responding:
Some observers believe that exposure is greater than the insurance industry’s ability to adequately underwrite the risk. Attacks have the potential to be massive and wide-ranging due to the interconnected nature of this risk, which can make it difficult for insurers to assess their likely severity. The underreporting of attacks means that accurately evaluating exposures is challenging. Several insurers have warned that the scope of the exposures is too broad to be covered by the private sector alone, and a few observers see a need for government cover akin to the terrorism risk insurance programs in place in several countries.
Click here to download Cyberrisk: Threat And Opportunity, October 2016, a companion slideshow, that highlights key findings from this white paper. (Access limited to I.I.I. Members and subscribers)
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