TAILIEUCHUNG - Modeling Cyber-Insurance: Towards A Unifying Framework

Having private health insurance obviously also improves access to needed care at the right time if no other form of health coverage is available and “safety-net” providers (who provide services irrespective of ability to pay) are in the minority. In the United States, there is evidence suggesting that uninsured individuals wait to receive treatment until they need emergency care – for which hospitals are under an obligation to provide services to those in need – but obtain less primary and preventative services (Docteur et al., 2003). Governmental policies promoting access to health coverage for the uninsured can improve access to timely care for these population groups | Modeling Cyber-Insurance Towards A Unifying Framework WORKING PAPER Rainer Bohme and Galina Schwartz ICSI and UC Berkeley Abstract We propose a comprehensive formal framework to classify all market models of cyber-insurance we are aware of. The framework features a common terminology and deals with the specific properties of cyber-risk in a unified way interdependent security correlated risk and information asymmetries. A survey of existing models tabulated according to our framework reveals a discrepancy between informal arguments in favor of cyber-insurance as a tool to align incentives for better network security and analytical results questioning the viability of a market for cyber-insurance. Using our framework we show which parameters should be considered and endogenized in future models to close this gap. 1 Introduction Cyber-insurance the transfer of financial risk associated with network and computer incidents to a third party has captured the imagination of professionals and researchers for many years. Yet reality continues to disappoint the proponents of cyber-insurance. Although its roots in the 1980s looked promising battered by events such as Y2K and 9 11 the market for cyber-insurance failed to thrive and remained in a niche for unusual demands coverage is tightly limited and clients include SMBs 1 in need for insurance to qualify for tenders or community banks too small to hedge the risks of their online banking operations. Even a conservative forecast of 2002 which predicted a global market for cyber-insurance worth billion in 20052 turned out to be five times higher than the size of the market in 2008 three years later Bae03 BMR09 . Overall in relative terms the market for cyber-insurance shrank as the Internet economy grew. A similar development can be observed in the academic literature. Early works in the 1990s focused on the general merits of cyber-insurance And94 or protocols The authors appreciate comments from readers to keep the survey

• Bảo hiểm
• devastating disease
• Alzheimers disease
• corresponding progress
• Biogeographic Insights
• Central American
• Cycad Biology
• prosperity seemed assured
• Professors Freeman
• interventions providing
• straightforward financial
• reliable and effective
• donate different
• organ donors
• and proposals to incentivise