Cyber’s systemic risk problem

Systemic cyber risk does not lend itself to straightforward insurance solutions

SINCE Aegis London launched its cyber offering two years ago, news headlines, panel discussions and market chatter have been dominated by the rise of artificial intelligence (AI), growing geopolitical tensions, increasingly sophisticated cyber attacks and high-profile technology outages. Yet, despite all the attention on these issues, the biggest threat facing the cyber insurance market today is the same one it has faced for a number of years — systemic risk.