Early Bird Reminder for EAA Seminar 'Actuarial Methods for Cyber Insurance' on 16/17 May 2024 in Lisbon

 

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EAA Seminar

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Actuarial Methods for Cyber Insurance

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16/17 May 2024 in Lisbon

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Organised by the EAA – European Actuarial Academy GmbH in cooperation with the Instituto dos Actuários Portugueses.

With the rise of digital economy, cyber risk has become a major concern for all customer segments. Although the development of 'physical' protection strategies against cyber attacks is fundamental, no protection is perfect, and insurers are intended to play a crucial role in providing financial protection. The cyber-insurance market is increasingly developing but with important uncertainties on the real value of the guarantees, due to the nature of the risk itself. The emerging and evolving nature of cyber-risk and its potential systemic component make it one of the most important social and economic risks and questions its insurability.

The purpose of this seminar is to provide an overview on cyber risk and on the ability of cyber insurance to cover it. After an introduction describing the specificities (technological, technical, actuarial) of cyber risk, we discuss the actuarial models that can be adapted to pricing and reserving in the context of cyber insurance and reinsurance. We also discuss the question of 'insurability' of cyber, and of quantification and prevention of accumulation scenarios.

After completing this course, you will be able to

  • Identify the specificities of cyber risk
  • Know the contents of typical insurance and reinsurance policies on cyber
  • Understand the impact of legislation on cyber insurance
  • Understand the practical constraints of cyber underwriting and how an efficient underwriting policy can help to reduce the risk
  • Identify the factors that may jeopardize the mutualisation of cyber risk
  • Identify extreme events and convey a risk segmentation
  • Construct accumulation scenarios on a cyber portfolio
  • Quantify the impact of protection measures on the risk of saturation in the insurer response capacity
  • Handle numerical tools and practical applications
  • Identify the key aspects of cyber claim management
  • Anticipate major trends in the evolution of the risk

Your early-bird registration fee is € 970.00 (net) / € 1,193.10 (incl. 23% VAT, if applicable) for bookings by 16 March 2024. After this date, the fee will be € 1,280.00 (net) / € 1,574.40 (incl. 23% VAT, if applicable).

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Details

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Programme

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Registration

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PREMIUM SPONSOR of this seminar:

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Coming soon...

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Understanding the Performance of an Insurance Company: An Introduction | 10/11 & 15/16 April 2024 | online

IFRS 17: Special Issues with Reinsurance Contracts | 12 April 2024 | online

Understanding IFRS 17 | 27/28 May 2024 | online

...and a lot more! Explore our website for more information or download our overview.

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actuarial-academy.com

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