Gerry Kennedy, the problem with risk transfer is that time is on no one’s side.

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Gerry Kennedy, the problem with risk transfer is that time is on no one’s side. Digital dependency has removed most aspects of control. You only have to look at the challenges and opportunities Open Claw creates to understand that you cannot and will not control the Cyber, AI genie. As long as the insured is managed by contracts, and the insurer by GWP, underwriting profitability, and investment income, cyber and AI risk management will not move forward.

Pick any industry that manages risk well, and history tells us there’s only one way to manage expected and unexpected losses: and that’s Left of Bang.

@Thaddeus Dziekanowski, if there were another answer, the insurance industry would have found it?

@Parava Security Solutions

#leftofbang #cybergovernance #insurance #aigovernance

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Artificial Intelligence, Cyber Insurance, Governance & ESG

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