Ep. 28 - How Bad Can It Be? Catastrophe Modelling & Quantifying Systemic Risk With Cyber Actuary Justyna Pikinska

Can cyber be effectively modeled, or is predicting the outcome of a cyber catastrophe a futile endeavor?Justyna Pikinska, Global Head of Cyber Analytics at Gallagher Re, believes it's possible. In fact, she knows it is, as she's watched model outputs creep steadily towards more acceptable convergence levels over the years. Tune into this episode as Anthony and Justyna dive into the challenges of cyber modeling, the future and sustainability of the cyber industry, concerning systemic risks, and much more. You'll learn:1. The effectiveness of cyber risk modeling: past and present2. Why cloud outages might not be as likely as you feared3. The importance of a diverse client portfolio in cyber insurance4. The similarities and key differences between property and cyber insurance5. How the cyber insurance industry is helping clients cope with attacks_________About Justyna:Justyna Pikinska has built from scratch and now leads the cyber analytics function at Gallagher Re and is responsible for a team of nearly 20 people globally: actuaries, cat modelers, and cyber security consultants._________About Gallagher Re:Gallagher Re’s cyber team, led by Ian Newman, totals 50 staff globally and currently has the biggest market share in London. The unit work with clients as either a traditional placement broker or in a consultancy capacity. Unlike some of its peers, Gallagher Re’s cyber unit operates under a one-team mentality, where individuals across the team combine forces and collaborate on R&D, analytics, wordings, technical ability, and placements, providing a more blended, holistic approach to solving clients' cyber challenges which remains consistent, regardless of the size or geography of the client. Gallagher Re team also actively helps to bring more capacity into the 9re)insurance market by actively educating new entrants and sharing results from exciting R&D projects and thought leadership articles.Website: https://www.ajg.com/gallagherre/ Industry: InsuranceCompany size: 1,001-5,000 employeesHeadquarters: London, EnglandFounded: 1985_________About the host, Anthony:Anthony is passionate about cyber insurance. He is the CEO of Asceris, a company that enables its clients to respond to cyber incidents quickly and effectively. Anthony is originally from the US but now lives in Europe with his wife and two children. Get in touch with Anthony on LinkedIn: https://www.linkedin.com/in/anthonyhess/ or email: [email protected] This podcast is produced by our friends at SAWOO 

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