Bringing Cyber Operational Risk to life

Enterprises are increasingly at risk of suffering financial losses from a cyber event. In line with this, Cyber Operational Risk is an increasingly important area for all IFoA practice areas and organisations regardless of the current escalation of geopolitical tensions. Kovrr, a Cyber risk model vendor to both insurers and enterprise, will use their Cyber risk quantification experience to highlight - the range of events that could occur, - the impacts these can have on your organisation, - what makes these impacts more likely/severe and - how moving from a mindset of cyber security mindset to one of cyber risk management can help better mitigate and manage this growing risk. This event will also highlight some related work on Cyber tail risk for Life insurers currently being carried out by the Cyber Risk IFoA working party. More on this will come later in the year.