In modern economy, cyber risk has become a major challenge across many industries. As every prevention measure is limited, there is an increasing need for cyber insurance. In the last years, there was a strong evolution of cyber insurance.

In this session, the impact of cyber risk on various steps of the value chain is analysed, including (but not limited to) modelling and risk management. The focus of this session is to provide a hands-on approach to actuarial challenges within cyber insurance and to highlight practical solutions. There will be discussions and group interaction, we would appreciate participants willing to actively contribute.

This web session is suited for P&C actuaries who are involved or interested in cyber insurance (e.g. concerning underwriting, claims, risk management or claims management). No specific prior knowledge is required. This will be a basic level introductionary seminar.

Technical Requirements
Please check with your IT department if your firewall and computer settings support web session participation (the programme Zoom will be used for this online training). Please also make sure to join the web session with a stable internet connection.

The purpose of this session is to give an overview of current cyber insurance topics from a practitioner's perspective. The following agenda items will be covered:

1. Introduction - Cyber as a peril
2. Coverages in cyber policies
3. Challenges in claims and exposure management
4. Modelling approaches
5. Risk management

The language of the web session will be English.

Amir Amini
Amir has a master’s degree in financial mathematics from Ulm University. He is a qualified German actuary with multiple years of experience in quantitative risk management and accumulation control within the non-life (re) insurance industry. He is a senior manager at Forvis Mazars’ Actuarial Consulting.

Jonas Becker
Jonas studied mathematical finance in Germany and South Africa and is a member of the German Actuarial Association. He is a Cyber underwriter and actuary at Munich Re, with focus on the continental European markets. In previous roles he focussed on Cyber accumulation scenarios and models.

Dr Hendrik Kläver
Hendrik has a diploma degree in mathematics from WWU Münster and a Ph.D. in economics from the University of Cologne. He has several years of experience in actuarial work within P&C reinsurance, in particular pricing, analytics and risk management. He is actuarial modelling manager at Gen Re and an active member of the German Actuarial Association.

Markus Kohlen
Markus has a master’s degree in mathematics from RWTH Aachen. He has several years of experience in pricing non-life reinsurance. He is also part of the Cyber Team at Deutsche Rückversicherung and an active member of the German Actuarial Association (DAV).

Dr Leonie Ruderer
Leonie has a Ph.D. in financial mathematics from RPTU Kaiserslautern. She has been a member of the German Actuarial Association for quite a few years and focuses her actuarial work on all things cyber. She started her career as an actuary for Aon Reinsurance Solutions and is nowadays a cyber portfolio underwriter at R+V Re and the leader of the cyber working party of the German Actuarial Association.