Concepedia

Why IT managers don't go for cyber-insurance products

Tridib Bandyopadhyay, Vijay Mookerjee, Ram C. Rao

Communications of the ACM · 2009 · 113 citations · 10 references

Concepts

BusinessInsuranceManagement Information SystemsInsurance EconomicsCyber Liability InsuranceInsurance CompaniesInsurance ContractsInsurance Market StructureInsurance PolicyInsurance PricingCyber Insurance Market StructureCyber Insurance PolicyCyber Insurance RiskDigital Insurance PlatformsOnline Insurance SalesSecondary LossesUnderwriting Cyber Risk

Abstract

Proposed contracts tend to be overpriced because insurers are unable to anticipate customers' secondary losses.

References

10

Risk Vulnerability and the Tempering Effect of Background Risk

Christian Gollier, John W. Pratt · Econometrica · 1996 · 782 citations

Business, Economics, Behavioral Economics +16

The Effect of Internet Security Breach Announcements on Market Value: Capital Market Reactions for Breached Firms and Internet Security Developers

Huseyin Cavusoglu, Birendra K. Mishra, Srinivasan Raghunathan · International Journal of Electronic Commerce · 2004 · 767 citations

Computing, Information Technology, Management Information Systems +10

The economic cost of publicly announced information security breaches: empirical evidence from the stock market*

Katherine Campbell, Lawrence A. Gordon, Martin P. Loeb et al. · Journal of Computer Security · 2003 · 736 citations

Business, Finance, Computer Security +14

A framework for using insurance for cyber-risk management

Lawrence A. Gordon, Martin P. Loeb, Tashfeen Sohail · Communications of the ACM · 2003 · 262 citations

Business, Cybersecurity, Insurance +14

The Optimal Level of Deductibility in Insurance Contracts

Harris Schlesinger · Journal of Risk & Insurance · 1981 · 197 citations

Business, Economics, Insurance +17