Register for International Cyber Risk Management Conference Bermuda 6th to 7th December 2018
Over the last few years the use of artificial intelligence AI in insurance has made important progress in traditional products allowing insurers to elevate customer engagement reach new levels of process automation and/or gain new insights. How important can AI be to the emerging field of cyber insurance? In this talk we will go through the key pillars of cyber security threat intelligence line of defense intrusion detection and incident response and discuss where how and to which extent AI can be of help for individual risk underwriting pricing and management. At the portfolio level identifying the vectors of risk dependence and aggregation is of paramount importance. Whereas for traditional products geography defines aggregation and risk mitigation is ensured through geographical diversification the answer is less obvious when considering an eventual cyber CAT event. Finally what does the near somewhat predictable future hold in regard to AI supporting the development of a healthy cyber insurance market.