Register for International Cyber Risk Management Conference Bermuda 6th to 7th December 2018
Cyber Pricing Underwriting Risk ModelLing and Insurance Reserving. This session will focus on differing approaches to insurance pricing insurance underwriting insurance modelling and reserving of cyber risk. Hacking attempts occur daily at a rapid fire pace (one government agency who was later breached said that they see greater than 10 million attempts per month). The impact of cybercrime is expected to reach $6 trillion by 2021 with current spending paling in comparison at approximately $96.3 billion and the threat of systemic cyber risk like cloud service failure could cost society billions. Cyber attackers are becoming more sophisticated and new vulnerabilities continue to emerge – insurance carriers must do the same and develop new approaches for understanding the likelihood and impact of cyber risk. BusinessRiskTV.com