Joining the Mad Hatter's Tea Party
Every person realizes, at least I hope they do, that society - and the world - is moving into a new state of being: a new realm, a cyber realm if you will, that is being continually reshaped by five technological forces: digitalization, mobility, the Internet, the cloud, and artificial intelligence. (I'll use the "web"… Continue reading The Cyber Butterfly: Risk Management Challenges
"Alice asked the Cheshire Cat, who was sitting in a tree, “What road do I take?” The cat asked, “Where do you want to go?” “I don't know,” Alice answered. “Then,” said the cat, “it really doesn't matter, does it?" Alice's Adventures in Wonderland, Lewis Carroll November 1865 The insurance industry is being quickly surrounded… Continue reading Total Insurable Space of Profitable Underwriting Shrinking??? (Thought Piece)
Someone on LinkedIn said that enterprises can become more cyber secure if they identify, choose, and ensure the firms they choose to conduct commerce have “value” and are cyber secure. (That statement triggered this blog post.) However, even systems we believe have value will themselves connect to other systems (which we may or may not… Continue reading The Luxury of Being Cyber Secure Does Not Exist (Now or Ever) in the Digital World of Commerce
Background As some of you know and now those of you who read this post will know, I'm writing a 2nd book. I have a tentative title which I really like but won't share until I begin drafting in 2Q24. I'm striving to provide value to the insurance industry with the focus being on cyber… Continue reading Cyber Insurance Issues: My 2nd Insurance Book Project [Updated November 13, 2023]
The crux of this post is the point that there are some risks (and I believe a growing number of risks) which are (and will be) uninsurable. Cyber risks are not insurable. Back in 2021, I saw a LinkedIn post from Dr. Robert Hartwig that discussed his testimony to one of the US Senate’s subcommittees… Continue reading Not every risk is insurable
There is a great deal of investment activity in the insurance industry. Hundreds of startup firms, insurance and technology firms, have come - and continue to come - to the insurance market. I distinguish the two types of startups by using a very straightforward - and I believe a black-and-white legal - perspective: if a… Continue reading Technology Can Not Replace Insurance Brokers
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