Touching on how limitations in accessing the right cyber data and modellng have impacted the re/insurance industry to date, Ram highlighted the ‘material challenge’ that is the variation around what constitutes systemic cyber risk. “If I take a lot at my property portfolio and I evaluate a 10-mile radius in a significant cat-related zone, I can come up with some pretty specific calculations depending on where I am in the world,” he said. “But in cyber, the variance between one belief and another could be literally billions of dollars.”
