Cyber Risk Frequency, Severity and Insurance Viability

Cyber Risk Exposure and Prospects for Cyber Insurance

This study draws attention to the ubiquitous and borderless nature of cybercrime. It examines the prospect of introducing customized cyber insurance policy in the Nigerian market. As secondary data was not available, the study conducted a survey by administering three sets of questionnaire to purposively selected top executives in four Trade Groups that rely heavily on Internet transactions for...

cyber risk exposure and prospects for cyber insurance

this study draws attention to the ubiquitous and borderless nature of cybercrime. it examines the prospect of introducing customized cyber insurance policy in the nigerian market. as secondary data was not available, the study conducted a survey by administering three sets of questionnaire to purposively selected top executives in four trade groups that rely heavily on internet transactions for...

Multivariate Frequency-Severity Regression Models in Insurance

In insurance and related industries including healthcare, it is common to have several outcome measures that the analyst wishes to understand using explanatory variables. For example, in automobile insurance, an accident may result in payments for damage to one’s own vehicle, damage to another party’s vehicle, or personal injury. It is also common to be interested in the frequency of accidents ...

Cyber Insurance and IT Security Investment: Impact of Interdependence Risk

Cyber-Insurance: Copula Pricing Framework and Implication for Risk Management

In recent years there has been a growing stream of research focusing on cyber-insurance. Risk transference with insurance has been suggested by both practitioners and academics to absorb losses caused by security breaches as well as to supplement the existing set of security tools to manage IT security residual risk after IT security investments are made. In this paper, we investigate pricing o...