Limited data, claims complexity, a non-linear system and many other problems are making the process of modeling cyber risk extremely difficult.
Risk & Insurance talked with industry experts from The Depository Trust & Clearing Corp., Aon Global Risk Consulting, DeWitt Stern, HUB International, Swiss Re Corporate Solutions, and Lockton Cos., to explore why it is so difficult to accurately model cyber risks compared to the robust models used for other property/casualty lines.