Many would remember the computer game SimCity where, apart from guarding against fires and alien attack, the primary aim was growing your fictitious city. In real life, however, we need to plan for hazards whilst balancing numerous competing priorities. ‘How’ is often a hotly debated topic.
Cyber risk is now impacting actuaries’ work on two bases: as a risk with a need for insurance, and as an operational risk that is under the radar of risk management actuaries. The recently introduced APRA Prudential standard CPS 234 is relevant to actuaries for the latter cause.
Posted 17 April 2019
Posted 8 February 2019
Posted 23 January 2019