Not Every Risk is Insurable

04/06/2024 18 min Temporada 1 Episodio 6
Not Every Risk is Insurable

Listen "Not Every Risk is Insurable"

Episode Synopsis

Send us a textI discuss why cyber risk is not insurable considering 6 factors:1. Large number of exposure units;2. Accidental / Random and unintentional loss;3. Determinable and measurable loss;4. No (ruinous) catastrophic loss;6. Economically feasible premium.If there is only one "NO", then the risk (cyber risk in this case) is not insurable.My LinkedIn home page is: https://www.linkedin.com/in/barryrabkin/-----------------------The first book I wrote about the insurance industry and technology is titled:"From Stone Tablets to Satellites: The Continual Intimate but Awkward Relationship Between the Insurance Industry and Technology"It is available on Amazon in several formats: Kindle, Paperback, Hardcover, and Audible.------------------------------Please send me topics that you would like me to discuss to my LinkedIn page or by commenting on my WordPress blog about podcasts: https://rabkinsopinions.com/2024/01/09/updated-announcement-a-podcast-series-launched-by-barry-rabkin-in-january-2024/