Cyber insurance-linked securities

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2023-06-08 DOI:10.1017/asb.2023.22

Alexander Braun, M. Eling, Christoph Jaenicke

引用次数: 1

Abstract

Abstract We investigate the feasibility of cyber risk transfer through insurance-linked securities (ILS). On the investor side, we elicit the preferred characteristics of cyber ILS and the corresponding return expectations. We then estimate the cost of equity of insurers and compare it to the Rate on Line expected by investors to match demand and supply in the cyber ILS market. Our results show that cyber ILS will work for both cedents and investors if the cyber risk is sufficiently well understood. Thus, challenges related to cyber risk modeling need to be overcome before a meaningful cyber ILS market may emerge.

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网络保险相关证券

摘要本文研究了通过保险关联证券(ILS)转移网络风险的可行性。在投资者方面，我们引出了网络ILS的偏好特征和相应的回报预期。然后，我们估计了保险公司的股权成本，并将其与投资者期望的在线费率进行比较，以匹配网络ILS市场的需求和供应。我们的研究结果表明，如果充分了解网络风险，网络ILS将对投资者和投资者都有效。因此，在有意义的网络ILS市场出现之前，需要克服与网络风险建模相关的挑战。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.