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: Insurance Industry
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 Emperor Still Has No Clothes (Insurers Who Believe in VC-Driven Industry Disruption Are The Emperor)
I wrote this post in October 2021 about the fairy tale of VC-disruption of the insurance industry. I believe the thrust of this post remains true if I rewrote it focusing on insurers (and other industries) using AI technology applications ... “History Doesn’t Repeat Itself, but It Often Rhymes” – Mark Twain Insurance firms, both… Continue reading The Emperor Still Has No Clothes (Insurers Who Believe in VC-Driven Industry Disruption Are The Emperor)
Shift to (Uninsurable) Severity (This WordPress Blog Post is From 2021)
A few weeks ago, I saw a LinkedIn post from Dr. Robert Hartwig that discussed his testimony to one of the US Senate's subcommittees about the uninsurability of Business Income from the Covid-19 pandemic. Seeing that LinkedIn post, and reading his testimony, triggered my ongoing belief that uninsurability of certain risks has been happening more… Continue reading Shift to (Uninsurable) Severity (This WordPress Blog Post is From 2021)
The Myth of the Digital Insurer (From 2021)
Myths through the ages Myths are, always have been, and always will be an intrinsic element of human society. Myths like the Golden Fleece, Minotaurs, Unicorns, Cupid, Excalibur, and thousands of others have taken center stage in different segments of human life at different times, disappeared, and been replaced by newer tales and folklore. Myths… Continue reading The Myth of the Digital Insurer (From 2021)
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
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
Systemic Cyber Risks: Ever Present, Ever Expanding (Originally published late 2023 – no changes)
I almost titled this post "Something Wicked This Way Comes" but I realized that systemic cyber risks are already here. They have come. There is no shutting the door to keep systemic cyber risks out. They are an attribute of any portfolio of two or more companies linked together through the use of the web.… Continue reading Systemic Cyber Risks: Ever Present, Ever Expanding (Originally published late 2023 – no changes)
Total Insurable Space of Profitable Underwriting Shrinking??? (Thought Piece)
"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)
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