Cyber Insurance - Turkish Practice

Özet

Cyber insurance is an integral asset to adjust market motivating forces for improving internet security. We follow the advancement of cyber insurance from customary protection approaches to early cyber risk protection approaches and to current exhaustive cyber insurance items. Cyber insurance approaches have become more comprehensive as insurers gain a better understanding of the risk landscape and job vacancies. All the more explicitly, cyber insurers are tending to some unfavorable issues such as adverse selection, asymmetric information and moral hazard that could prompt a disappointment of market solution. Although some execution issues remain, we recommend the future advancement of cyber insurance will resolve these issues as proven by protection arrangements in other risk domains. The study has established that there is a growing need for cyber insurance in Turkey

Abstract

Cyber insurance is an integral asset to adjust market motivating forces for improving internet security. We follow the advancement of cyber insurance from customary protection approaches to early cyber risk protection approaches and to current exhaustive cyber insurance items. Cyber insurance approaches have become more comprehensive as insurers gain a better understanding of the risk landscape and job vacancies. All the more explicitly, cyber insurers are tending to some unfavorable issues such as adverse selection, asymmetric information and moral hazard that could prompt a disappointment of market solution. Although some execution issues remain, we recommend the future advancement of cyber insurance will resolve these issues as proven by protection arrangements in other risk domains. The study has established that there is a growing need for cyber insurance in Turkey

Yazarlar

Elif Banu VARLI, Mahmut YAVAŞİ, Mahmut YAVAŞİ, Mahmut YAVAŞİ, Elif Banu VARLI

Anahtar Kelimeler

Cyber risk, cyber insurance, economics of information security.

JEL Codes

G22, K24

Yayın Bilgileri

Cilt 1, Sayı 1, 2021 · Sayfa 1-8

DOI: 10.52898/ijif.2021.1

Dosyalar