Cyber Risk Underwriting
We price cyber-physical risk on industrial assets so that an underwriter can sign the result. The papers here carry the COPE framework into cyber-physical property, derive Single Loss Expectancy and Annualized Loss Expectancy from a joined BIM and BOM asset register, and score failure modes with a quantitative cyber-physical FMECA. Extreme value copulas set the correlated catastrophic solvency case, and reliability and safety critical item lists give reinsurance something to attach to. Market observations and a concept of operations keep the mathematics tied to what insurers actually buy.
