Abstract:
Like any other insurance business model, in provisioning of cyber insurance, proactive management of (cyber) risk is key in succeeding. The cyber insurer needs to keep on top of it and make sure risk tolerance level does not exceed a certain pre-decided point. There are few approaches the insurers are using to tackle the backend of their cyber insurance offerings. The underwriters use one or more of these approaches to understand potential exposure to themselves and to mitigate it.
