In this intriguing discussion, we delve into the complex world of insurance companies and their strategies for handling cyber threats, particularly when it comes to determining acts of war and espionage. We explore the blurry boundaries and challenges of insuring against these distinct yet interconnected risks in the ever-evolving cyber landscape. Join us for a candid conversation where we attempt to unravel these intricate dilemmas, acknowledging the difficulties in this domain that often leave us with more questions than answers.