A Framework for Digital Asset Risks with Insurance Applications

June 2024

Authors

Zhengming Li, PhD Candidate
Jianxi Su, PhD, FSA
Maochao Xu, PhD
Jimmy Yuen, FSA, FCIA

Description

This project develops a framework to enhance actuaries' understanding of the cyber risks associated with the developing digital asset ecosystem, as well as their measurement methods in the context of digital asset insurance. By integrating actuarial perspectives, we aim to enhance understanding and modeling of cyber risks at both the micro and systemic levels. As digital assets continue to reshape finance, our work serves as a foundational step towards safeguarding the integrity and stability of this rapidly evolving landscape.

Report

A Framework for Digital Asset Risks with Insurance Applications

Acknowledgments

The researchers’ deepest gratitude goes to those without whose efforts this project could not have come to fruition: the Project Oversight Group and others for their diligent work overseeing questionnaire development, analyzing, and discussing respondent answers, and reviewing and editing this report for accuracy and relevance.

Project Oversight Group members:

Min Ji, FSA, FIA, MAAA
Bernice Lim, FSA, CERA, FCIA, CFA
Monojit Samanta, FSA, FCIA
Feng Sun, FSA, CERA
Maggie Sun, ASA, MAAA
William Wilkins, ASA, CERA, FCAS, MAAA

At the Society of Actuaries Research Institute:

Rob Montgomery ASA, MAAA, FLMI, Consultant - Research Project Manager

The Society of Actuaries Research Institute would like to acknowledge the generous contribution of the Casualty Actuarial Society to the funding of this research.

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