Utilizing counterfactual analysis to understand cyber risk

By Gallagher Re


This paper explores the benefits of counterfactual analysis for cyber (re)insurers and provides a framework that can help exposure risk managers, actuaries, and catastrophe modelers incorporate it into their standard suite of risk assessment tools. The paper also contains some worked examples of cyber counterfactual analysis that Gallagher Re has conducted in collaboration with CyberCube.

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