The Insurability of Cyber Risk

Asaf Lubin "makes the public policy case for limited legal interventions in the indemnification of four controversial categories of cyber harm."

"The literature on the insurability of cyber risk has focused all of its attention on questions of economic efficiency and viability. Scholarship has, for example, examined the actuarial challenges in cyber risk modeling and the likelihood for adverse selection resulting from information asymmetries and lack of historical claims data. Scholars have so far avoided a different set of considerations rooted not in economics but rather in public policy analysis of societal values. This paper lays the framework for such an analysis."

Read the paper on SSRN