Insurability of Cyber Risk: An Empirical Analysis

Article, Preprint OPEN
Biener, Christian; Eling, Martin; Wirfs, Jan Hendrik;
  • Publisher: Palgrave Macmillan
  • Journal: The Geneva Papers on Risk and Insurance Issues and Practice, volume 40, issue 1 January, pages 131-158
  • Identifiers: doi: 10.1057/gpp.2014.19
  • Subject: Cyber Risk, Cyber Insurance, Operational Risk, Insurability | business studies

This paper discusses the adequacy of insurance for managing cyber risk. To this end, we extract 994 cases of cyber losses from an operational risk database and analyse their statistical properties. Based on the empirical results and recent literature, we investigate the... View more
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