Technology companies leveraging this data aim to provide (re)insurers with an attacker’s view of the risk, with the data set largely comprising the same information that many threat actors use to choose and even compromise their targets.
At Gallagher Re, we have been analysing the potential for this data to help cyber (re)insurers predict claims and comprehend underlying risk quality.
In this report we review the potential for this technology to positively contribute to our understanding of Cyber risk across the insurance value chain, including: Sales & Marketing, Underwriting & Pricing, Portfolio Management & Accumulation and Widespread Event Response.
You may also be interested in our forthcoming Cyber Insurance Midyear Market review webinar that we are holding on the 18th May at 2pm EDT.
The webinar will be a deep dive into the dynamic state of the cyber insurance marketplace and strategies you can put into practice for the rest of the year and beyond.
In the session you will learn:
- How the current landscape is driving rate changes, new endorsements and exclusionary language
- Why reinsurance is playing a major risk management role
- Which alternative products are emerging to help address evolving risk, including captives
