Cyber

Cyber

A dedicated page for content relevant to (re)insurance professionals with an interest in Cyber

Cyber Risks: Aggregation, Part II

The aggregation of risk is ever more present because cyber insurance is a global class of business with losses emanating from any part of the world. The non-physical nature of cyber risk makes it possible for (re)insurers to suffer losses from a vast number of insureds spread across different geographies as a result of a single event. That creates aggregation risk, for which an insurer or reinsurer could find itself burdened with catastrophic losses...