Could cyber risk be the next “Big Short”?
Critical Point
English - May 13, 2019 13:00 - 29 minutes - 13.4 MB - ★★★★★ - 17 ratingsBusiness Technology milliman critical point insurance healthcare technology retirement property & casualty risk management insurtech financial services Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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A cyberattack has the potential to disrupt the global economy, but using traditional underwriting and risk management approaches may leave insurers and businesses vulnerable to large financial losses. In this episode, Milliman’s Chris Harner and Chris Beck discuss how a cyberattack could create a scenario similar to 2008’s financial crisis, and the need for a new risk management paradigm that not only takes into account the interconnectedness of the risk, but provides a way for businesses to measure their exposure and prepare for it.