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Black swans and fat tails

04/02/2019 10:00 by The Soluciones Holísticas Team

The Economist has published in its 26/01/2019 issue an article entitled "Black swans and fat tails" on the growing market for specialist cyber-insurance, partly because of the new european privacy and reporting laws.

It exposes that computer risks are harder to handle than physical ones since they cannot be modelled as independent events.

Almost all the clients of the mayor big British insurers have inquired about cyber-insurance in the past couple of years and these are scrambling to hire scarce specialists.

Insurers fret that a single big cyber-attack could hit many of their clients at once and that the value of claims might be higher than the value they could meet.

In the future this area and typology of risks will be very relevant for insurers.

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