I hope that insurance actuaries and other insurance professionals tasked with pricing and writing cyber insurance policies ask themselves questions like these: Are we taking into account that as we continue to sell cyber insurance in the Cyber Age, that AI technologies and their applications are increasingly making the risk space behave more indeterminate -… Continue reading A Few Insurer Cyber Cover Questions for 2025 (Reprint from August, 2025)
Category: Ecosystems
The Cyber Medium is the Message
The insurance industry is shifting from one portfolio of risk events that it has identified and managed profitably for thousands of years to a new, and significantly different portfolio of risk events: a plethora of cyber risk events that the insurance industry erroneously believes it can successfully identify and manage profitably. Specifically, the insurance industry… Continue reading The Cyber Medium is the Message
The Cyber Butterfly: Risk Management Challenges
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
The “Every Day-ness” of Black Swans in the Cyber Age
Too many people throw around the term "Black Swan" willy-nilly (a technical phrase for 'far too quickly without justification'). Systemic cyber events will become the norm. These systemic cyber events will all be "white swans". I suggest that most cyber attacks are systemic cyber attacks, but currently not with the reach of the CrowdStrike cyber… Continue reading The “Every Day-ness” of Black Swans in the Cyber Age
Insurer Cyber Strategy In a Cyber-Forming New World (V 1.0) (Minimally updated March 27, 2024)
Strategy: a concept loaded with many facets and meanings I know there are different views, definitions, and descriptions of strategy: what is it, what does it mean, why does a corporation need a strategy, and how does a corporation create a strategy are only a few questions about strategy. I don't plan to answer any… Continue reading Insurer Cyber Strategy In a Cyber-Forming New World (V 1.0) (Minimally updated March 27, 2024)
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