EAA Seminar ‘Actuarial Methods for Cyber Insurance’ in Lisbon

The purpose of this seminar is to provide an overview on cyber risk and on the ability of cyber insurance to cover it. After an introduction describing the specificities (technological, technical, actuarial) of cyber risk, we discuss the actuarial models that can be adapted to pricing and reserving in the context of cyber insurance and reinsurance. We also discuss the question of «insurability» of cyber, and of quantification and prevention of accumulation scenarios.

After completing this course, you will be able to

– Identify the specificities of cyber risk

– Know the contents of typical insurance and reinsurance policies on cyber

– Understand the impact of legislation on cyber insurance

– Understand the practical constraints of cyber underwriting and how an efficient underwriting policy can help to reducing the risk

– Identify the factors that may jeopardize the mutualisation of cyber risk Identify extreme events and convey a risk segmentation

– Construct accumulation scenarios on a cyber portfolio

– Quantify the impact of protection measures on the risk of saturation in the insurer response capacity

– Handle numerical tools and practical applications

– Identify the key aspects of cyber claim management

– Anticipate major trends in the evolution of the risk

Anmeldeschluss: 2024-05-12