
Risk mitigation for cyber insurance: Digital tools, twins and ecosystems | Insurance Blog
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In our latest article, we explored some of the structural issues affecting the electronic insurance market today, including poor cybersecurity cleanliness, pooling risks and a scarcity of capital. Before e-insurance can truly become a mainstay of the digital economy — as a widely available, widely affordable and fixed product — these issues must be addressed. We have identified three main tools at the disposal of insurance companies:
Mitigating individual risks by enhancing cybersecurity
Exposure rights, especially for cyber disasters
Expand access to capital for online subscribers
Pulling these levers will not unlock billions of electronic premiums overnight. However, it will create a functional electronic marketplace that can be scaled sustainably - without...