Premium Calculation for Insurance Businesses Based on Cyber Risks in IP-Based Power Substations

Premium Calculation for Insurance Businesses Based on Cyber Risks in IP-Based Power Substations

Insurance is a promising risk transfer tool against switching cyberattacks on power grids that can disrupt operation and potentially lead to widespread outages. This paper emphasizes on a framework of premium calculation for cyber insurance businesses by modeling potential electronic intrusion with...

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Bibliographic Details
Main Authors: Zhiyuan Yang, Yun Liu, Meghan Campbell, Chee-Wooi Ten, Yeonwoo Rho, Lingfeng Wang, Wei Wei
Format: Article
Language:English
Published: IEEE 2020-01-01
Series:IEEE Access
Subjects:
Cyber-physical system
disruptive switching attack
enterprise risk management
insurance premium
power outages
ruin probability
Online Access:https://ieeexplore.ieee.org/document/9069962/

Internet

https://ieeexplore.ieee.org/document/9069962/

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