Browsing Department of Mathematics and Statistics by Subject "Risk management"

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Cyber risk loss modelling in cyber insurance

Al Ghandour, Maria Gerges (Notre Dame University-Louaize, 2021)

In today's world, protecting information has become one of the most difficult tasks. Cyber security events and data breaches continue to be expensive events that affect people and businesses all around the world. A breach occurs when sensitive information is accessed. Moreover, cyber threats are constantly evolving in order to take advantage of online behavior and trends, especially when teleworking has become a necessity due to the global invasion and prevalence of the Coronavirus disease 2019 during the past two years. Therefore, the necessity for cyber insurance, which covers the liability ...
Operational risk modeling under the loss distribution approach

Danageuzian, Hrair Razmig (Notre Dame University-Louaize, 2021)

The term operational risk became widespread in the late 1990s when central bank representatives of twelve countries formed a working committee; the Basel Committee on Banking Supervision (BCBS). The BCBS defines operational risk as the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. This research aims to model operational risk data using the Loss Distribution Approach under BCBS requirements. Simulated data was used consisting of 3,192 operational loss events between the years 2009 and 2018. The implementation of the LDA was ...

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