Expert Panel Discusses Terrorism and Cyber Insurance Modeling and Underwriting Challenges

Expert Panel Discusses Terrorism and Cyber Insurance Modeling and Underwriting Challenges
July 16, 2024 | Noon to 1:30 p.m. EDT

ABOUT THIS WEBINAR

The U.S. Treasury’s Federal Insurance Office (FIO) and the National Science Foundation (NSF) initiated a new Industry-University Cooperative Research Center (IUCRC) that will stimulate research and develop solutions to provide insurers, government, and other stakeholders with additional data and improved modeling and underwriting tools, methodologies, and practices for insuring terrorism and catastrophic cyber risks. FIO and NSF released a request for research proposals in April 2024.

To inform academic teams interested in submitting a proposal and risk managers interested in potentially supporting the research, the American Academy of Actuaries will hosted a panel of terrorism and cyber insurance experts to discuss challenges in the current market and potential areas for research and improvement in modeling and underwriting. Academy Committee on Cyber Risk Chairperson Wanchin Chou, along with FIO Director Steven Seitz, opened the discussion. Chanda Brady, an FIO Senior Insurance Regulatory Policy Analyst, moderated the panel.

SPEAKERS

Derek Blum, Senior Director, Product Management—Emerging Risks, Moody’s RMS
Jon Laux, Vice President of Analytics, CyberCube
Maurizio Gobbato, Head of Cyber Catastrophe Modeling, Guidewire Cyence
Crystal Boch, Head of U.S. Cyber Analytics, Aon
Scott Stransky, Head of the Marsh McLennan Cyber Risk Intelligence Center, Marsh
Bob Wice, Head of Underwriting Management, Cyber & Tech, Beazley

MODERATORS

Chanda Brady, Senior Insurance Regulatory Policy Analyst, Federal Insurance Office
Wanchin Chou, MAAA, FCAS, Chairperson, Academy Committee on Cyber Risk
Steven Seitz, Director, Federal Insurance Office

Additional Information
Registration for this webinar is limited to the first 1,000 registrants. Visit our webinar FAQs to learn more about our webinar policies, including group registration. For more information about this webinar, contact education@actuary.org.