TY  - JOUR
U1  - Zeitschriftenartikel, wissenschaftlich - begutachtet (reviewed)
A1  - Awiszus, Kerstin
A1  - Knispel, Thomas
A1  - Penner, Irina
A1  - Svindland, Gregor
A1  - Voß, Alexander
A1  - Weber, Stefan
T1  - Modeling and pricing cyber insurance - Idiosyncratic, systematic, and systemic risks
JF  - European Actuarial Journal
N2  - The paper provides a comprehensive overview of modeling and pricing cyber insurance and includes clear and easily understandable explanations of the underlying mathematical concepts. We distinguish three main types of cyber risks: idiosyncratic, systematic, and systemic cyber risks. While for idiosyncratic and systematic cyber risks, classical actuarial and financial mathematics appear to be well-suited, systemic cyber risks require more sophisticated approaches that capture both network and strategic interactions. In the context of pricing cyber insurance policies, issues of interdependence arise for both systematic and systemic cyber risks; classical actuarial valuation needs to be extended to include more complex methods, such as concepts of risk-neutral valuation and (set-valued) monetary risk measures.
KW  - Cyber Risks
KW  - Cyber Insurance
KW  - Idiosyncratic Risk
KW  - Systematic Risk
KW  - Cyber-Versicherung
KW  - Risiko
KW  - Versicherung
Y1  - 2023
UN  - https://nbn-resolving.org/urn:nbn:de:bsz:960-opus4-24447
SN  - 2190-9741
SS  - 2190-9741
U6  - https://doi.org/10.25968/opus-2444
DO  - https://doi.org/10.25968/opus-2444
SP  - 53
S1  - 53
ER  -