The Potential for Synergy Between Certification and Insurance

Authors: Paul Luo Li, Mary Shaw, Kevin Stolarick, and Kurt Wallnau

Special edition of ACM SIGSOFT from the International Workshop on Reuse Economics in conjunction with the Seventh International Conference on Software Reuse (ICSR7), April 2002.

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Because of their affordability and availability, reusable software components have long been a tantalizing IT investment.  However, the risks associated with uncertainties about technical attributes and lack of protection against undesirable behaviors often deters their adoption.  Certification and insurance are potential approaches to managing these risks.  Probabilistic certification and insurance base their predictions and products on similar kinds of data; this offers the prospect of consistency (by using the same data for both) and cost-effectiveness (by reusing the data).  The combined benefits of the two methods in the form of risk reduction and lowering of variance may make software reuse investments more attractive to risk-averse companies.

Brought to you by Composable Software Systems Research Group in the School of Computer Science at Carnegie Mellon University.

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