Caroline Hillairet, Professor at ENSAE Paris, and Olivier Lopez, Professor of Statistics and Actuarial Sciences at Sorbonne Université, would be happy to welcome you at the second EAA online training "Actuarial Modeling for Cyber Risk". Caroline and Olivier are co-directors of the Research Initiative on "Actuarial modeling of cyber risk" (AXA Joint Research Initiative) and are international experts in this field.
After an introduction to the specificities on cyber-risk, their session gives first steps towards a better understanding of cyber risk, by providing mathematical models and actuarial analysis. For a better quantification of cyber risk, they propose innovative models, both for the severity component (size of the claims) and the frequency component (accumulation risk and clustering features) of the risk. After completing this course, you will be able to
Identify the specificities of cyber risk
Identify the factors that may jeopardize the mutualisation of cyber risk
Identify extreme events and convey a risk segmentation
Construct accumulation scenarii on a cyber portfolio
Quantify the impact of protection measures on the risk of saturation in the insurer response capacity.
