The Cyber insurance Day is an open day of the Lorentz workshop on "Cyber Insurance and its Contribution to Cyber Risk Mitigation" (http://www.lorentzcenter.nl/lc/web/2019/1096/info.php3?wsid=1096&venue=Oort). The idea of the event is to share the experience of the workshop participants and exchange ideas with a broader audience regarding opportunities and challenges in cyber insurance.
Date: March 27, 2019.
Place: Leiden, Netherlands. The venue details will be provided later.
09:00 – 09:15 Introduction and explanation of objectives and way of working for the open day
09:15 – 10:00 Keynote 1 – Eireann Leverett, Centre for Risk Studies at the University of Cambridge & Concinnity Risks.
10:00 – 10:15 Presentation of the roundtable themes
10:15 – 11:15 Session 1: 4 roundtables based on the themes of the workshop.
11:15 – 11:45 Coffee/tea break
11:45 – 13:00 Session 2: 4 roundtables based on the themes of the workshop.
13:00 – 14:00 Networking break and lunch
14:00 – 14:40 Keynote 2 – “Cyber accumulation risk - Swiss Re's view on Cyber catastrophes” by Philipp Hurni, Swiss Re.
14:40 – 16:00 Keynote 3 – CYBECO session (approach description; results of controlled experiment on cyber insurance decision making; toolbox demo)
16:00 – 16:30 Coffee/tea break
16:30 – 17.30 Results of the roundtables and discussion
17:30 – 17:45 Closing of event
18:00 Networking and workshop dinner (workshop and open day participants together) at Belgisch Biercafe Olivier (Leiden)
Please submit your request for participation using our online form. The organisers will send you the invitation after reviewing your registration. Registration will close on Friday 1 March 2019.
CYBECO organised a session on Cybersecurity and Cyber-Insurance in the EURO2018 European Conference on Operational Research which took place in Valencia between 8 and 11 July, 2018. Jose Vila from DEVSTAT chaired the session. The CYBECO team presented the paper "Nudging optimal cyber-insurance strategies" which is based on the work conducted in the project.
Dr. Katsiaryna Labunets (TU-DELFT, CYBECO team) participated in the Amsterdam Centre for Insurance Studies (ACIS) symposium at the University of Amsterdam, with the speech "Cyber risk and insurance". The symposium attracted about 60 participants mostly insurers, master students, intermediaries and policy makers.
The 2nd Plenary Meeting of CYBECO took place in Valencia, on October 5 and 6, 2017. The purpose of the meeting was to assess the progress in the implementation of the project focusing mostly on the modelling framework, the cyber-insurance use-cases, the methodology for the development of the CYBECO toolbox and the design of the behavioural experiments.
The CYBECO project has been launched on May 1st, 2017 with the aim to facilitate the actual take off of cyber-insurance which can fulfil a key role in the economics of cybersecurity, on one hand by keeping risk manageable for the insured companies by transferring it, while at the same time providing incentives for improving security and, thereby, reducing overall risk.