Zero out of nineteen cybersecurity and cyber insurance firms link executive pay to a measurable cybersecurity outcome. This paper traces the structural reason and asks whether the historical answer is utility regulation.

A multiplicative diagnostic for capital asymmetry under Solvency II, NAIC RBC, and K-ICS. ACE measures how strategies retain capital, behave under stressed volatility, and participate in recoveries — in a non-compensable framework where catastrophic failure on any dimension cannot be offset.