Run Time: 36:00
EP. 66: Understanding the Domino Effect of Cyber Accumulation Risk
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While technology is continuing to evolve and provide many benefits to insurers and their customers, one concern is that growing connectivity and dependence on technology means a single cyber event could simultaneously impact a large number of businesses. This is called cyber accumulation risk. On this episode of The Insuring Cyber Podcast, Tim Zeilman, vice president with HSB, part of Munich Re, discussed how cyber risk modeling will need to change due to concerns about accumulation. Later in the episode, Norman Niami, vice president and actuary at the American Property Casualty Insurance Association and chairperson of the American Academy of Actuaries Cyber Risk Committee, shared how the evolving tech landscape is creating more risk opportunities for insurers and businesses alike. Thanks for listening!
