Insurance for a better world

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Research Topics document front page

Publication Date: 20th July 2022

Authors: Darren L. Pain and Dennis Noordhoek

 

The frequency of ransomware attacks is increasing, along with the size of ransom demands. While cyber insurance provides vital financial protection and operational support in the event of attack, ransomware has contributed to the deterioration in cyber insurers’ underwriting performance.

Enriched by re/insurer insights and learnings, this report identifies the challenges and economic externalities of ransomware, highlighting that cyber insurance and policy can work together to boost cybersecurity and, more broadly, socio-economic resilience.

 

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