31 mai 2024  à 15h00, salle 307 couloir 14-24, campus Jussieu 

Matthias Scherer (Technische Universität München)

Titre: Pricing Cyber-Insurance Contracts including cyber-assistance services

Abstract:  As the cyber insurance market is expanding and cyber insurance policies continue to mature, the potential of including pre-incident and post-incident services into cyber policies is being recognised by insurers and insurance buyers. This talk addresses the question of how such services should be priced from the insurer’s viewpoint, i.e. under which conditions it is rational to share the costs of providing risk mitigation services. The interaction between insurance buyer and seller is modelled as a Stackelberg game. After linking the notions of pre-incident and post-incident services to the concepts of self-protection and self-insurance, we show that when pricing a single contract, the insurer would always shift the full cost of self-protection services to the insured; however, this does not generally hold for the pricing of self-insurance services or when taking a portfolio viewpoint. We illustrate the latter statement using toy examples of risks with dependence mechanisms representative in the cyber context.

6 Juin 2024, 9h-17h,  20 rue Washington, Paris 75008

Conférence on "Cyber-risk and cyber-resilience in finance and insurance"

https://cyr2fi.sciencesconf.org/