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Conferences & lectures

Cyber Risks as Fictitious Commodities: The Ongoing Construction of Cyber Insurance Market in North America

Date & time

Thursday, November 9, 2017
12 p.m. – 2 p.m.

Speaker(s)

Mathieu Charbonneau

Cost

This event is free

Organization

Karl Polanyi Institute of Political Economy

Contact

Ana Gomez
514 848 2424 ext. 8707

Where

CI Annex
2149 Mackay Room CI basement

Wheelchair accessible

No

Given the growth of network infrastructures, e-commerce, cloud computing, bid data and the Internet of things, the insurance industry now offers cyber-insurance to organizations seeking to cover potential losses and liabilities stemming from cyber-attacks and data breaches.

Industry insiders suggest that the insurability of cyber risks cannot expand significantly until robust actuarial data is computed and risk aggregation can be mitigated. Mathieu Charbonneau argues that, conceptualizing cyber-insurance risks as fictitious commodities contributes to a better understanding of why the cyber-insurance market is paradoxically rapidly expanding, despite facing major obstacles and uncertainties.
 


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