EAA Seminar Actuarial Methods for Cyber Insurance

With the rise of digital economy, cyber risk has become a major concern for all customer
segments. Although the development of “physical” protection strategies against cyberattacks is fundamental, no protection is perfect, and insurers are intended to play a crucial role in providing financial protection. The cyber-insurance market is increasingly developing but with important uncertainties on the real value of the guarantees, due to the nature of the risk itself. The emerging and evolving nature of cyber-risk and its potential systemic component make it one of the most important social and economic risks and questions its insurability.