Steely-eared listeners of the SOA's Research Insights podcast may have noticed a familiar company name in recent episode: Exposure Measures for Pricing and Analyzing the Risks in Cyber Insurance. (9/22/20) For those unaware, Michael Bean is our staff actuary here at ACTEX Learning. In this episode of Research Insights, he covers his recent report on exposure measures in cyber insurance as they relate to pricing and risk analysis.
In the world of cyber insurance, the concept of "silent cyber risk" refers to gaps in existing policies where the exposure due to a cyber attack is not necessarily covered by an existing policy. For the sake of any family members who live downriver from a dam which is controlled by a computer that is susceptible to a cyber attack, give this podcast a listen: