Volltext-Downloads (blau) und Frontdoor-Views (grau)
The search result changed since you submitted your search request. Documents might be displayed in a different sort order.
  • search hit 10 of 131
Back to Result List

Silent Cyber in Reinsurance – Challenges and Opportunities

  • The ‘cyber’ threat is regarded as a growth area in the primary and reinsurance sectors worldwide and for the past five years has been developing more dynamically than any other hazard. This major topic concerns both primary and reinsurance companies in all areas, whether in property, liability, transport or accident insurance. Services (prevention, risk-based pricing models and claims processing, for example) present a global growth market for the reinsurance industry. The complexity of the cyber threat and the evolving nature of the risk involved present a host of challenges for the design of insurance products, for underwriting, for risk management and for cumulative control – for both primary and reinsurance companies. Correct assessment of cyber risk is therefore indispensable, and the right approach must always be developed further. Special attention needs to be given to the variety of forms a cyber event can take. Thus, primary and reinsurance companies can incur not only the costs of data loss, but also the costs of reconstructing IT infrastructure, the costs of network and business interruptions, costs of crisis management, costs of reputational risk, and the costs of third-party liability claims.

Download full text files

Export metadata

Additional Services

Search Google Scholar

Statistics

frontdoor_oas
Metadaten
Author:Jörg Dirks
URN:urn:nbn:de:hbz:832-epub4-18801
Series (Serial Number):Publikationen der Kölner Forschungsstelle Rückversicherung (13/2021)
Document Type:Conference Proceeding
Language:English
Creating Corporation:TH Köln
Date of first Publication:2021/10/01
Date of Publication (online):2021/12/17
GND-Keyword:Rückversicherung; Versicherung; Versicherungswirtschaft
Tag:Reinsurance
Page Number:12
Institutes:Wirtschafts- und Rechtswissenschaften (F04) / Fakultät 04 / Institut für Versicherungswesen
Dewey Decimal Classification:300 Sozialwissenschaften / 330 Wirtschaft
Open Access:Open Access
Licence (German):License LogoCreative Commons - CC BY - Namensnennung 4.0 International