Werner Schnell
Former Member
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Title
M.Sc.
Last Name
Schnell
First name
Werner
Phone
+41 71 224 7992

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Now showing 1 - 10 of 21
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Publication

What Do We Know About Cyber Risk and Cyber Insurance?

2016 , Eling, Martin , Schnell, Werner

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Publication

Extreme cyber risks and the non-diversification trap

2018 , Schnell, Werner

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Publication

Does insurance regulation adequately reflect cyber risk? An Analysis of Solvency II, the Swiss Solvency Test, and the US RBC Standards

2017-06 , Schnell, Werner

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Publication

Does insurance regulation adequately reflect cyber risk? An Analysis of Solvency II, the Swiss Solvency Test, and the US RBC Standards

2016 , Schnell, Werner

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Publication

Does cyber risk pose a systemic threat to the insurance industry?

2020 , Schnell, Werner

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Publication

Extreme cyber risks and the non-diversification trap

2018-08-06 , Schnell, Werner

We illustrate the existence of a “nondiversification trap” (Ibragimov, Jaffee, and Walden,2009) when portfolios of cyber risk are constructed. Portfolio diversification thus does not decrease risk, but rather increases risk. Our results help to explain the current state of cyber insurance market, which is far behind the expected market volume. Many insurance companies are reluctant to offer cyber insurance on a broad scale, because (among other reasons) they anticipate the unfavorable diversification properties. We also discuss potential ways to overcome the nondiversification trap.

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Publication

Does insurance regulation adequately reflect cyber risk? An Analysis of Solvency II, the Swiss Solvency Test, and the US RBC Standards

2017-01-12 , Schnell, Werner

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Publication

Capital requirements for cyber risk and cyber risk insurance: an analysis of Solvency II, the US Risk-Based Capital Standards, and the Swiss Solvency Test

2018 , Schnell, Werner

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Publication

Extreme cyber risks and the non-diversification trap

2018 , Schnell, Werner

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Publication

Extreme cyber risks and the non-diversification trap

2017-09 , Schnell, Werner

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