Cloud-Computing services are changing the risk situation of IT-outsourcing and represent a challenge for the insurance industry. The most important problem to guarantee insurability of these emerging risks is that they are not stochastically independent. On the one hand, the interdependent network structure of these risks implies a significant contagion risk; on the other hand, new risks emerge that have not been addressed by existing (cyber risk) policies so far. Insurance concepts should be supported by innovative risk diversification concepts for cloud computing service. Addressing and classifying the new risks resulting from Cloud-Computing services, this article discusses insurability issues and risk management solutions.
