An interesting Thematic Review from the UK Institute and Faculty of Actuaries reviewing actuarial cyber risk management.

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An interesting Thematic Review from the UK Institute and Faculty of Actuaries reviewing actuarial cyber risk management. In part demonstrating the challenges that insurers face with the evaluation and under writing of cyber risk.The report highlights the opportunities for Actuaries to be engaged in the evaluation and management of cyber risk, as a mechanism to better understand the probability and likely hood of cyber risks. To facilitate modeling of risk. Noting that cyber risk modelling is not linear and far from normal.One wonders the effects of EU and U.S cyber regulation on the role of the actuarial community as cybersecurity risk management is pushed into the board of covered entities. Requiring boards to model risk and demonstrate the management of cyber risks.@Thaddeus Dziekanowski Brian D. McCarthy Faisal KhanVeritas GRC#cybersecurity #cyberriskmanagement #cyberregulation

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