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Cyber Risk Continues to Grow
Laura Maxwell April 18, 2017 Posted in: Blog Posts, Cyber, Insurance / Insurers
Insurance companies need better tools to effectively underwrite cyber liability risk, including data-driven approaches for underwriting using publicly-available data. The CAS Cyber Risk Task Force is an excellent place from which to start finding ways to help insurance companies manage this growing risk, both as potential victims and as insurers.
Cyber Risk at the ERM Symposium
Laura Maxwell April 19, 2016 Posted in: Blog Posts, Cyber, Insurance / Insurers

The Enterprise Risk Management (ERM) Symposium, presented by the Casualty Actuarial Society (CAS), Canadian Institute of Actuaries (CIA) and Society of Actuaries (SOA), was held April 6-8 in Arlington, Virginia. I attended two sessions on cyber risk and the speakers expressed some common themes. One stated that there were two kinds of companies: those that have had a data breach and those that are not aware they have had a data breach. More than 1,868 breaches were reported in the United States in 2014.

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