Lloyd’s Business Blackout
8 Jul 2015
08:30 -11:00
Times are shown in local time.
This event is invitation only.
London
United Kingdom
Emerging Risk Research Report
Cyber Attack Against the US Power Grid
Business Blackout is a joint report by Lloyd’s and the University of Cambridge Centre for Risk Studies that estimates the insurance impacts of a cyber attack on the northeastern US power gird. An improbable, yet technical possible cyber attack damages several key electricity generators in 15 states including New York City and Washington DC. The total impact to the US economy reaches as high as $1 trillion for the most extreme scenario variant, with an estimate insurance loss of $71.1 billion.
Download the report (pdf, 4.2MB)
View photos from the event on Flickr
Find out more about the Business Blackout event on the Lloyd’s website
Meeting partner
Programme
08:30-09:00
Registration, tea & coffee
09:00-09:05
Welcome
Nick Beecroft, Manager, Emerging Risks & Research, Lloyd’s
09:05-09:15
The Lloyd’s perspective on cyber risk insurance
Tom Bolt, Director, Performance Management
09:15-10:00
Presentation of findings
Dr Andrew Coburn, Simon Ruffle and Eireann Leverett, University of Cambridge Centre for Risk Studies
10:00-10:15
Q&A
Tom Bolt and the Centre for Risk Studies, University of Cambridge
10:15-11:00
Networking opportunity
Tea and coffee available
Keynote speakers
Andrew Coburn
Director of Advisory Board, Cambridge Centre for Risk Studies
Andrew is a Founder and Director of the Centre for Risk Studies’ External Advisory Board, and Senior Vice President at Risk Management Solutions, the leading provider of catastrophe risk models to the insurance industry. He is also a Fellow of Cambridge Judge Business School.
Eireann Leverett
Senior Risk Researcher, Cambridge Centre for Risk Studies
Eireann is a Risk Researcher at the Centre for Risk Studies, where his research focuses upon technological disasters and the economic impacts of computer security failures or accidents.
Simon Ruffle
Director of Research & Innovation, Cambridge Centre for Risk Studies
Simon Ruffle is a member of the Executive Team and is responsible for the overall research framework of the Centre. He is researching into innovative sourcing of business economic data and is leading the cyber threat research track. He has a background in natural hazards and the insurance industry.