网络保险相关证券

IF 1.7 3区经济学 Q2 ECONOMICS

ASTIN Bulletin Pub Date : 2023-06-08 DOI:10.1017/asb.2023.22

Alexander Braun, M. Eling, Christoph Jaenicke

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引用次数: 1

摘要

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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Cyber insurance-linked securities

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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来源期刊

ASTIN Bulletin 数学-数学跨学科应用

CiteScore

3.20

自引率

5.30%

发文量

审稿时长

>12 weeks

期刊介绍： ASTIN Bulletin publishes papers that are relevant to any branch of actuarial science and insurance mathematics. Its papers are quantitative and scientific in nature, and draw on theory and methods developed in any branch of the mathematical sciences including actuarial mathematics, statistics, probability, financial mathematics and econometrics.