Policy measures and cyber insurance: a framework. Issue 2 (4th May 2017)

• Record Type: Journal Article
• Authors: Woods, Daniel; Simpson, Andrew
• Is Part Of: Journal of cyber policy. Volume 2:Issue 2(2017)
• Page Start: 209
• Page End: 226
• Publication Date: 2017-05-04
• Subjects: Cyber insurance -- cyber security -- public–private partnership -- policy measures -- stakeholder analysis; Cyberspace -- Periodicals; Internet -- Periodicals; Cyber intelligence (Computer security) -- Periodicals; 004.6
• DOI: 10.1080/23738871.2017.1360927
• Languages: English
• ISSNs: 2373-8871

Abstract

ABSTRACT: The role of the insurance industry in driving improvements in cyber security has been identified as mutually beneficial for both insurers and policy-makers. To date, there has been no consideration of the roles governments and the insurance industry should pursue in support of this public–private partnership. This paper rectifies this omission and presents a framework to help underpin such a partnership, giving particular consideration to possible government interventions that might affect the cyber insurance market. We have undertaken a qualitative analysis of reports published by policy-making institutions and organisations working in the cyber insurance domain; we have also conducted interviews with cyber insurance professionals. Together, these constitute a stakeholder analysis upon which we build our framework. In addition, we present a research roadmap to demonstrate how the ideas described might be taken forward.