In this study an exploration of insurance risk transfer is undertaken for the cyber industry in United States America, based on leading dataset events provided by Advisen. We seek to address two core unresolved questions. First, what factors are most significant covariates that may explain frequency and severity loss they heterogeneous over categories? Second, insurable regards required premium...

Cyber insurance ratemaking (CIRM) is a procedure used to set rates (or prices) for cyber products provided by companies. Rate estimation critical issue products. This problem arises because of the unavailability actuarial data and uncertainty normative standards risk. Most risk analyses do not consider connection between Information Communication Technology (ICT) sources. Recently, model was de...

This study empirically characterizes the interdependence in cyber attacks and examines the impact from the first international treaty against cybercrimes (Convention on Cybercrimes: Europe Treaty Series No. 185). With the data covering 62 countries over the period from year 2003 to 2007, we find that, international cooperation in enforcement as measured by the indicator of joining the Conventio...

Investments in security and cyber-insurance are two cyber-risk management strategies that can be employed together to optimize the overall expense. In this paper, we provide a closed form for optimal investment under full set of insurance liability scenarios (full liability, limited with deductibles) when consider multi-branch firm correlated vulnerability. The component results major It ends u...

Hosts (or nodes) in the Internet often face epidemic risks such as virus and worm attack. Despite the awareness of these risks and the importance of network/system security, investment in security protection is still scare, and hence epidemic risk is still prevalent. Deciding whether to invest in security protection is an interdependent process: security investment decision made by one node can...

In his landmark 1961 article, Some Thoughts on Risk Distribution and the Law of Torts, Judge Calabresi provides a theoretical framework for analyzing tort liability as a risk-spreading device that functions in a manner similar to insurance. In our article, we examine the insurance objective of tort liability from the standpoint of modern tort law. Since Calabresi’s foundational article, there h...

This paper examines the stock market impact of captive insurance subsidiary formation on parent companies in the United Kingdom (UK) corporate sector. We report that the formation of an insurance captive has no e€ect on the ®nancial, systematic and unsystematic risks of the parent company, irrespective of the parent's market capitalisation. In addition, there is weak evidence that the market ha...

This paper presents a tractable dynamic general equilibrium model that can explain cross-country empirical regularities in geographical mobility, unemployment and labor market institutions. Rational agents vote over unemployment insurance (UI), taking the dynamic distortionary effects of insurance on the performance of the labor market into consideration. Agents with higher cost of moving, i.e....

Following a 13-year period when all employers in Washington paid the same unemployment insurance (UI) tax rate, Washington was forced to adopt an experience-rated tax system in 1985. We use this ‘‘natural experiment’’ to explore both tax incidence and the effects of experience rating. We find that industry average tax rates are largely passed on to workers through lower earnings. However, our e...

Extensions of unemployment insurance (UI) benefits have been implemented in response to the Great Recession. This paper measures the effect of these extensions on the unemployment rate using a calibrated structural model featuring job search and consumption-saving decisions, skill depreciation, and UI eligibility. The ongoing UI benefit extensions are found to have raised the unemployment rate ...