Insight
Thailand in focus - What's new in Non-Life August 2022
The latest on Thailand non-life insurance: Premiums rise 2.3% 1Q versus the same period in 2021, while net loss ratio increases to 156.4%, up from 57.3%.
This white paper discusses the importance of modeling cyber risk for businesses. It is essential for any business to rethink how to best model its cyber risk, with the goal of illuminating blind spots instead of missing them. We explain three attributes of cyber risk, and why frequency-severity models are limited due in part to their faulty underlying assumptions. The report also argues why casual modeling is more appropriate for complex risk such as cyber. Scenarios of a state-backed adversarial attack and a phishing defense serve as examples.
Insight
The latest on Thailand non-life insurance: Premiums rise 2.3% 1Q versus the same period in 2021, while net loss ratio increases to 156.4%, up from 57.3%.
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