Contingencies

The Academy’s Spring Policy Summit brought actuaries, regulators, and congressional staff together to discuss pressing midterm-year policy issues and more. Panels highlighted how the Academy’s nonpartisan expertise informs policy and the event underscored the value of the Academy and its members.  

By Martin Eling

From ransomware outbreaks to multisector IT failures, the framework outlined in the article estimates potential losses from extreme cyber events and shows why insurers, risk managers, and policymakers must act before these disruptions set off a chain reaction across the economy.