Bootstrapping method in copula-based cyber insurance model
As an emerging sector in general insurance, cyber-insurance has become one of the most effective means in transferring the cyber security risk. One of the imminent issues in this field, however, is the accuracy in determining policy premiums. Practitioners and academics have dev...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
2012
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/48377 |
| _version_ | 1826127308992282624 |
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| author | Tan, Jian Jiang, Fan Yang, Yao |
| author2 | Wu Yuan |
| author_facet | Wu Yuan Tan, Jian Jiang, Fan Yang, Yao |
| author_sort | Tan, Jian |
| collection | NTU |
| description | As an emerging sector in general insurance, cyber-insurance has become one of the
most effective means in transferring the cyber security risk. One of the imminent
issues in this field, however, is the accuracy in determining policy premiums.
Practitioners and academics have developed various models over the years, the latest
of which has adopted the currently new and popular methodology of copula, in
attempts to price the premiums for cyber-insurance products. Even if those models are
well developed, the prevalent issue of data paucity has significantly hindered the
accuracy and validity of them. This study has addressed the specific issue of data
paucity by incorporating new features such as bootstrapping technique and multicopula
combination into the latest copula-based framework in pricing cyber-insurance
products. Furthermore, this study has also attempted to provide limelight to future
researches in developing better cyber-insurance pricing models. |
| first_indexed | 2024-10-01T07:06:48Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/48377 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T07:06:48Z |
| publishDate | 2012 |
| record_format | dspace |
| spelling | ntu-10356/483772023-05-19T07:23:08Z Bootstrapping method in copula-based cyber insurance model Tan, Jian Jiang, Fan Yang, Yao Wu Yuan Nanyang Business School DRNTU::Business::Finance::Insurance premiums As an emerging sector in general insurance, cyber-insurance has become one of the most effective means in transferring the cyber security risk. One of the imminent issues in this field, however, is the accuracy in determining policy premiums. Practitioners and academics have developed various models over the years, the latest of which has adopted the currently new and popular methodology of copula, in attempts to price the premiums for cyber-insurance products. Even if those models are well developed, the prevalent issue of data paucity has significantly hindered the accuracy and validity of them. This study has addressed the specific issue of data paucity by incorporating new features such as bootstrapping technique and multicopula combination into the latest copula-based framework in pricing cyber-insurance products. Furthermore, this study has also attempted to provide limelight to future researches in developing better cyber-insurance pricing models. BUSINESS 2012-04-17T00:59:46Z 2012-04-17T00:59:46Z 2012 2012 Final Year Project (FYP) http://hdl.handle.net/10356/48377 en Nanyang Technological University 40 p. application/pdf |
| spellingShingle | DRNTU::Business::Finance::Insurance premiums Tan, Jian Jiang, Fan Yang, Yao Bootstrapping method in copula-based cyber insurance model |
| title | Bootstrapping method in copula-based cyber insurance model |
| title_full | Bootstrapping method in copula-based cyber insurance model |
| title_fullStr | Bootstrapping method in copula-based cyber insurance model |
| title_full_unstemmed | Bootstrapping method in copula-based cyber insurance model |
| title_short | Bootstrapping method in copula-based cyber insurance model |
| title_sort | bootstrapping method in copula based cyber insurance model |
| topic | DRNTU::Business::Finance::Insurance premiums |
| url | http://hdl.handle.net/10356/48377 |
| work_keys_str_mv | AT tanjian bootstrappingmethodincopulabasedcyberinsurancemodel AT jiangfan bootstrappingmethodincopulabasedcyberinsurancemodel AT yangyao bootstrappingmethodincopulabasedcyberinsurancemodel |