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- W4297847657 abstract "The paper provides a comprehensive overview of modeling and pricing cyber insurance and includes clear and easily understandable explanations of the underlying mathematical concepts. We distinguish three main types of cyber risks: idiosyncratic, systematic, and systemic cyber risks. While for idiosyncratic and systematic cyber risks, classical actuarial and financial mathematics appear to be well-suited, systemic cyber risks require more sophisticated approaches that capture both network and strategic interactions. In the context of pricing cyber insurance policies, issues of interdependence arise for both systematic and systemic cyber risks; classical actuarial valuation needs to be extended to include more complex methods, such as concepts of risk-neutral valuation and (set-valued) monetary risk measures." @default.
- W4297847657 created "2022-10-01" @default.
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- W4297847657 date "2022-08-18" @default.
- W4297847657 modified "2023-10-10" @default.
- W4297847657 title "Modeling and Pricing Cyber Insurance -- Idiosyncratic, Systematic, and Systemic Risks" @default.
- W4297847657 doi "https://doi.org/10.48550/arxiv.2209.07415" @default.
- W4297847657 hasPublicationYear "2022" @default.
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