Nicholas Reuhs, "The role of cyber insurance in security and risk management"

Cyber-liability insurance has grown from a niche product into a
multi-billion-dollar market in less than a decade. It has also
become a negotiating point in technology-related contracts and a
buzzword for corporate boards. In this seminar, we will discuss how
this new insurance market has developed -- surveying the spectrum
of “cyber” insurance products and outlining what events these
products are (and are not) intended to cover. We will also discuss
underwriting problems (information asymmetry, correlated losses,
etc.) and how these underwriting problems are causing insurers to
increasingly dictate security practices and behavior. Finally, we
will discuss the future of cyber-liability insurance and how a
major event could shift the market’s focus or even lead to
government intervention.