Damini Mago, associate director – cyber product management, insurance solutions at Moody’s, examines some of the challenges in cyber risk modelling.
Cyber insurers face a dynamic and challenging risk outlook as the pendulum swings between threats on one side and cyber resilience on the other. For instance, according to a Howden report, cyber insurance premiums surged between 2020 and 2022 in response to the remote-working boom. At the same time businesses raced to adapt their cybersecurity to manage threats from personal device use and remote network access. Better threat awareness and good…
