Description: Review the findings of an expert panel discussing current Generative AI issues impacting the insurance industry.

Description: Excel spreadsheet that support the Quantification of Cyber Risk for Actuaries report.

Description: This report concerns optimal new business written premium mix at the firm and state levels under varying competitive conditions.

Description: This research report develops a framework for modeling and pricing cybersecurity risk.

Description: This report considers a hybrid portfolio that combines life and general insurance aspects.

Description: The Spatial Hazards Events and Losses Database for the United States (SHELDUS) provides county-level data for direct economic losses due to natural hazards from 1960 to the present.

Description: This report discusses the use of federated learning in the insurance industry and explores the benefits and challenges of this approach.

Description: The Risks Analytics Symposium 2022: Actuarial Perspectives on Climate Change was a hybrid half-day event where university students, as well as academics and industry professionals, had the opportunity to network and view live discussion panels in-person at UIUC or virtually through Zoom.

Description: The cyber insurance market looks like it’s growing—rapidly, in fact. However, there’s more to the cyber insurance market than the outward appearance of strong growth. Worldwide aggregate premium’s upward trend may even be cause for alarm. The increase in premium against a flat rate of insured exposure is a key sign that the market could turn from growth to constriction if a solution isn’t found in the near future. If the cyber insurance sector hopes to reach such lofty goals as exceeding $30 billion in global premium by 2028, it’s going to need more capital. Whether directly into the insurance sector or via support from reinsurance and retrocession, fresh capital should help insurers achieve greater market penetration, build a broader foundation for ongoing expansion, and chart a course for long-term sustainable profitable growth. The same sources capital insurers have used since the early days of the market won’t be enough, though. Thankfully, the insurance linked securities (ILS) market seems poised to help, particularly with several promising recent transactions. New sources of capital could bolster the foundation for future cyber re/insurance growth.