Few insurance markets have experienced as much upheaval in the last few years as cyber. Longtime industry observers agree with this nightmarish possibility. “There’s no question the potential for truly catastrophic cyber losses will rival the largest natural disasters in history, making it incumbent on insurers to understand the aggregation of cyber risks they have on their books to ensure they are appropriately underwritten,” says Robert Hartwig, associate professor of finance at the University of South Carolina, who leads the school’s Risk and Uncertainty Management Center. Click here to access the full article.
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