Martin Eling - Colloquium Speaker

Professor and Chair for Insurance Management, and Director, Institute of Insurance Economics, University of St. Gallen
Date: 
Thursday, March 10, 2022 - 8:45am
Colloquium Title: 
Is Cyber Risk Insurable?

Abstract:

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.

ZOOM INVITATION

Topic: Colloquia -- Department of Statistics and Actuarial Science, The University of Iowa
Time: Mar 10, 2022 08:45 AM Central Time (US and Canada)

Join Zoom Meeting
https://uiowa.zoom.us/j/98928693758

Meeting ID: 989 2869 3758
One tap mobile
+13126266799,,98928693758# US (Chicago)
+16468769923,,98928693758# US (New York)

Dial by your location
        +1 312 626 6799 US (Chicago)
        +1 646 876 9923 US (New York)
        +1 301 715 8592 US (Washington DC)
        +1 346 248 7799 US (Houston)
        +1 669 900 6833 US (San Jose)
        +1 253 215 8782 US (Tacoma)
Meeting ID: 989 2869 3758
Find your local number: https://uiowa.zoom.us/u/adodl1V2PF

Join by SIP
98928693758@zoomcrc.com

Join by H.323
162.255.37.11 (US West)
162.255.36.11 (US East)
115.114.131.7 (India Mumbai)
115.114.115.7 (India Hyderabad)
213.19.144.110 (Amsterdam Netherlands)
213.244.140.110 (Germany)
103.122.166.55 (Australia Sydney)
103.122.167.55 (Australia Melbourne)
64.211.144.160 (Brazil)
69.174.57.160 (Canada Toronto)
65.39.152.160 (Canada Vancouver)
207.226.132.110 (Japan Tokyo)
149.137.24.110 (Japan Osaka)
Meeting ID: 989 2869 3758