NPP cyber risk insurance – issues of wordings and approaches to risk assessment coordination

Abstract

The growing use of digital technologies in modern nuclear power plants (NPP) leads to the development of a new class of threats with cyber sources of risks. As a result of this process, a problem of forming adequate financial protection of nuclear power plants in case of such events arises. The purpose of this article is to develop an algorithm for using existing industry methods and risk assessment data to organize effective insurance protection of nuclear power plants from cyber risks. For this purpose, a joint analysis of existing insurance products for cyber risk insurance and the structure of nuclear power plant cyber risks was carried out. Based on the analysis, an approach to the development of qualitative and quantitative conditions for NPP risk insurance is proposed, including consideration of cyber risks based on the use of insurance survey assessments. The same methods can be used afterwards to develop cyber risk insurance programs for industrial and energy enterprises.