You May Also Like...
Unraveling the Complexity of Cyber Risk: Introducing Moody...
The demand for cyber insurance continues to escalate as businesses grow increasingly reliant on digital infrastructure for their everyday operations, and cyber threats become ever more sophisticated. Cyber represents a sizeable market for insurance, and in 2022 the total global cyber insurance premium was valued at US$11.9 billion. The market offers significant growth opportunities, with a predicted compound annual growth rate (CAGR) of 19.6 percent to reach US$29.2 billion by 2027. To accommodate t...
Cyber is Uncertain, Probabilistic, and Chaotic: It’s Time ...
Cyber risk represents one of the fastest-growing opportunities in the insurance marketplace. The cyber insurance market is set to grow at a compound annual growth rate (CAGR) of 25 percent between 2022 and 2028, to reach a market size of US$28 billion. This outpaces the growth in other insurance lines and represents a net new (and diversifying) revenue stream. But the nascent cyber market is different from long-established natural catastrophe peril markets, which are well understood in terms of loss experien...
Quantum Leap
Much hype surrounds quantum processing. This is perhaps unsurprising given that it could create computing systems thousands (or millions, depending on the study) of times more powerful than current classical computing frameworks. The power locked within quantum mechanics has been recognized by scientists for decades, but it is only in recent years that its conceptual potential has jumped the theoretical boundary and started to take form in the real world. Since that leap, the “quantum race” has begun in ea...