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Webinar "Is Cyber Risk Insurable?"

The Working Group on Risk - CREAR, with the support of the IDS dpt, Institut des Actuaires, LabEx MME-DII and the group BFA-SFdS, has the pleasure to invite you to the seminar by:

Prof. Martin ELINGDirecteur I.VW - Institute of Insurance Economics, University of St. Gallen, Switzerland.

Friday October 15, 2021 12:30 pm (CET)
EEE - ESSEC La Défense (CNIT) - Amphi 236 and to participate via Zoom, please click here

Topics
We use data on cyber losses and model the potential market equilibrium for cyber insurance to document a market failure when portfolios of cyber risk are constructed. This can be explained by the distinct properties of cyber risk, namely heavy tails, strong (tail) dependencies, high costs due to asymmetric information, and modelling risk. Our results help to explain why many insurance companies are reluctant to offer cyber insurance on a broad scale. We also discuss ways to overcome the market failure. Our analyses expand results from catastrophic insurance and have implications for corporate risk management and public policy.

Attending this webinar will enable you to acquire 6 points PPC CERA.

Vendredi 15 octobre 2021
12h30 - 14h00 (GMT +2)
L'événement est organisé en présentiel et en ligne
EEE - ESSEC La Défense (CNIT) - Amphi 236
En ligne
Intervenants
Martin Eling
Director
Institute of insurance Economics University of St. Gallen (Switzerland)

Martin Eling studied business administration at the University of Münster (Germany). After his doctoral degree in 2005, he worked as post doc at the Institute of Insurance Economics of the University of St. Gallen (Switzerland). In 2008 he was visiting professor at the University of Wisconsin-Madison. Then in 2009 he was appointed Professor of Insurance at the University of Ulm (Germany). Since November 2011, he is Director of the Institute of Insurance Economics and Professor for Insurance Management at the University of St. Gallen. Among other activities, he is also board member of Concordia, one of Switzerland’s largest health insurance companies. Martin is doing empirical research in the intersection of insurance business, economics, and mathematics. His research interests include in a broad range of topics including strategic management, financial management, risk management, and asset management. The current agenda includes new research topics such as cyber risk, microinsurance, and long-term care. His research has been awarded by several leading institutions including the American Risk and Insurance Association (ARIA), the Casualty Actuarial Society (CAS), and the National Association of Insurance Commissioners (NAIC). Moreover, he had visiting positions at the University of Torino and Urbino (Italy).

Lieu

EEE - ESSEC La Défense (CNIT) - Amphi 236

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Vendredi 15 octobre 2021
12h30 - 14h00 (GMT +2)
L'événement est organisé en présentiel et en ligne
EEE - ESSEC La Défense (CNIT) - Amphi 236
En ligne
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