Looking Beyond the Clouds
A Guy Carpenter and CyberCube Analytics collaboration explores the size and shape of cyber catastrophes and the resulting financial impact on the US cyber insurance industry.
The inexorable spread of the digital economy is fundamentally changing the nature of risk, presenting unique opportunities - and challenges - to the (re)insurance industry. How the industry responds to the rapid pace of technological change is crucial to its long-term relevance and growth.
The constantly evolving nature of cyber risk makes it challenging to definitively quantify, yet it is critical for (re)insurers to understand the impact of severe events to inform strategy and risk tolerance. It is essential to develop a deep understanding of the characteristics of cyber catastrophe events and the financial impact they could have on the standalone cyber insurance market today.