Opinion: WannaCry for ILS

The WannaCry ransomware attack has highlighted just how vulnerable
today's world is to technological breakdown, as hospitals in
the UK were forced to turn away patients while their IT systems
were held hostage.
And yet it's barely caused an insurance ripple. It is the
catastrophe insurance equivalent of the Boxing Day tsunami, if you
will, from which appalling humanitarian losses didn't translate
into insured claims.
So why does the insurance hit seem out of step with the amount
of disruption...