Cyber risk quantification is the process of measuring key risks numerically and helping stakeholders make informed risk management decisions based on financial indications.
Companies are facing increasingly sophisticated cyber threats, including data breaches and ransomware attacks. Risk quantification provides the tools and insights to assign a dollar cost to the impact of cyber risks on your business. Quantified risks are more easily understood by management—in addition to helping visualize the greatest risks, they help organizations maximize the return on investment of mitigation strategies.
Our solutions
Insurance optimization
Chief risk officers face a challenging insurance market. Demand for cost-effective cyber insurance options is outpacing the industry’s capacity. Our team of insurance coverage specialists can highlight potential gaps in a risk mitigation strategy by analyzing and benchmarking your insurance coverage, underlying risk profile and cybersecurity program.
Simulating self-funding and captive strategies
In the context of significant insurance rate increases and less favourable contract terms and conditions, we can assess the feasibility of a self-funding or captive program. We can identify the impact of key threat scenarios and simulate outputs based on your insurance coverage, risk appetite, loss control and risk mitigation projects to improve your understanding of your cyber risk protection. Our end-to-end solutions are tailored to your entity’s cyber risk profile and coverage needs, helping increase your return on cyber risk mitigation investments.
Quantitative modelling
We can estimate the loss potential for risk and business exposures, including severe events. Using historical insurance claims and exposure information, along with our industry benchmarking and experience, we can guide capital and insurance optimization.
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