The two highly respected scientists were awarded the main prize for their paper "A comprehensive model for cyber risk based on marked point processes and its application to insurance". Here, they address actuarial aspects of cyber risk and propose a new approach for modeling cyber risk using marked point processes. "The model presented here is able to account for the dynamic nature of cyber risk while realistically capturing accumulation risk". explains jury chairman Prof. Alfred Müller. "This results in a direct added value for insurance practice."

Every year, the German Society for Actuarial and Financial Mathematics and the German Actuary Association award the prestigious GAUSS Prize and three GAUSS Junior Talent Prizes for outstanding scientific work in actuarial and financial mathematics. With the prizes for the 2022 competition round, the high-ranking panel of experts from science and practice selects research papers that bridge the gap between scientific quality and high practical relevance.

The main prize is endowed with 3,000 euros and goes to the best publication in the internationally renowned scientific journal "European Actuarial Journal" (EAJ) during the previous year. The award ceremony took place on 22 June 2023 during a symposium on the occasion of the 75th anniversary of the DGVFM in Cologne.