Explainable Risk Scores for Cyber-Insurance Underwriting
Introduction
Cyber-insurance underwriting requires assessing organizational cyber risk. Explainable AI provides understandable risk scores supporting underwriting decisions and policyholder communication.
Risk Assessment Models
Models evaluate security maturity, incident history, industry, and organizational factors affecting cyber risk.
Explainability and Communication
SHAP and LIME provide explanations of risk score drivers supporting underwriting communication and policyholder feedback.
Conclusion
Explainable cyber risk models improve underwriting transparency and consistency.