September 20th, 2017
Cyber Risk – Opportunities and Challenges
Posted at 1:30 AM ET
Here we review recent GC Capital Ideas posts on the opportunities and challenges cyber risk presents for the insurance industry.
Industry Must Develop Common Cyber Risk Currency: Data integrity and availability is as critical as data confidentiality; limited ability to quantify dependency is a major cyber inhibitor; and the challenge is to build a clearly differentiated cyber portfolio.
Cyber Risk Pervades All Classes, But Creates Huge Industry Opportunity, Says Motta: Cyber risk likely will become the single most pervasive risk that society faces, maybe even more so than climate change, according to Joshua Motta, co-founder and CEO of Coalition.
