The challenge for cyber insurers lies in the scarcity of data, hindering risk assessment and product development. Organizations fear sharing information due to the risk of further attacks. Balancing transparency with discretion is crucial. With better data sharing, insurers can offer tailored products, assess risks accurately, and enhance corporate compliance.
"Private businesses are making actuarial decisions, assessing that some locations are just too vulnerable to insure. At the same time, this insurance retreat also poses a policy challenge for states a
New estimators for generalized tail distortion (GTD) risk measures are proposed, based on first-order asymptotic expansions, offering simplicity and comparable or better performance than existing meth
Cyber risk presents significant challenges to society, yet its statistical behavior remains insufficiently understood. This paper analyzes three databases to study cyber risk dynamics. It identifies i