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)
Tag: cyber
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
Hospitals & Cyber Resilience
I'm not a doctor or any kind of healthcare provider. This blog post encompasses a jumble of assumptions, questions, and guesses. It palpably demonstrates that I am only a patient of the US healthcare system. But, I hope that I am making the right assumptions, questions, and guesses about hospitals (or the healthcare system overall) and cyber resilience. I'd like you to let me know with your comments to this blog post.
Future Financial Viability of Selling Cyber Insurance: Assumptions; Questions; No Answers
I believe that the future financial viability of selling cyber insurance will be bleak at best and, more than likely, unprofitable. That is my driving assumption about future sales of cyber insurance. When is that "future" going to arrive? Thank you, July 2024 CrowdStrike cyber incident (not a cyber-attack, I know) for giving the world… Continue reading Future Financial Viability of Selling Cyber Insurance: Assumptions; Questions; No Answers
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
Two Cyber Issues: Insurability & Financial Returns of selling cyber cover
I have worked for insurance carriers (in marketing / market research areas) for almost 20 years beginning in the mid-1960s, been a management consultant (operational, strategy, and product development gigs) to the insurance industry for almost 10 years, and been an insurance industry analyst since 1997 (focused on the ways current and emerging technologies do… Continue reading Two Cyber Issues: Insurability & Financial Returns of selling cyber cover
The Cyber Age: a Few Thoughts
One thought : when did the Cyber Age start? It's not just a nice-to-know question. Regardless of when it began, the Cyber Age is enabled by a foundation of five technologies (digitization, mobility, cloud, web, and AI) and their concomitant applications that dramatically changed how society interacts within itself, including conducting (or consuming, if you… Continue reading The Cyber Age: a Few Thoughts
A Cyber Equation
Cyber past losses + Cyber IBNR + Cyber potential future losses =A. Vibrant cyber insurance marketplace now and in the future?B. Sign for insurers to stop selling cyber insurance now, if not sooner?C. Sign that insurers need to craft strategies to sell lower amounts of cyber insurance to some markets? All markets?D. Sign that insurers… Continue reading A Cyber Equation
Regarding Cyber Risk Funding- 2
I'm hypothesizing that when insurers and insurance groups fund startup cyber MGAs or startup cyber insurers they are behaving like VCs hoping to generate desired returns from (some of) their investments. But are they really behaving like VCs - do these insurers (using cyber MGAs) have a plan regarding how much to invest, or a… Continue reading Regarding Cyber Risk Funding- 2
Past Experience Insuring Risks Won’t Help Insure Risks Of Our Emerging Cyber-Forming World
My wife is from Kansas City, Missouri. Some of you (most of you?) might know that Missouri is the "Show Me" State (they have to see something to believe it). Throughout almost the entirety of my insurance career after I left working for marketing departments in a few insurers (across all major lines of business… Continue reading Past Experience Insuring Risks Won’t Help Insure Risks Of Our Emerging Cyber-Forming World
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