- Products & Services -
Answer the money question when it comes to cyber risk for (re)insurance and ILS investors
DeRISK Insurance. Part of the DeRISK Platform.
DeRISK Insurance quantifies cyber risk of industrial enterprise clients and client portfolios for underwriters. Using industry accepted cybersecurity frameworks, DeRISK feeds data through standardized processes to provide probability analysis and financial impact of diverse threat scenarios. Risk analysis results of all clients are clustered by sector and geography to derive the predictive drivers of loss purpose-built for the (re)insurance and Insurance Linked Securities (ILS) markets.
Key Capabilities and Functions
Attack-Path Mapping Interface
Account-based, end-to-end mapping of potential attack and loss events with hundreds of actionable attack graphs
Dynamic Risk Aggregation
Collect asset and intrusions related information from dynamic host information flows, as well as threat intelligence sources
Risk Capacity & Consistency Management
Enable supply capacity for direct coverage and protection for systemic risk events
Risk Scenario Modeling
Detailed, dynamic vulnerability analysis with environmental and industry context for greater precision in risk pricing
With DeRISK, (re)insurers and ILS investors can leverage comprehensive risk models to assess every client (both current and future) within their portfolio which enables quantification of risk exposure, target capital allocation, loss reserve calculation, line or investment sizing and return estimations.
DeRISK for (Re)insurers and ILS Investors
With DeRISK Insurance, DeNexus transforms cyber risk into manageable insights using continuously informed evidence-based Bayesian modeling. Risk stakeholders can now source and orchestrate data feeds from key operational areas critical for (re)insurance organizations underwriting cyber risk.
Understand portfolio risk exposure
DeRISK allows (re)insurers and ILS investors to value and plan for the amount of cyber risk exposure that is optimum for their organization.
Analyze loss exposure and IaVs
DeRISK provides (re)insurers and ILS investors with visibility into loss exposures, risk structuring options and nominal cost associated with all Initial Access Vectors (IaVs) of cyber threats.
Value cyber risk, and how it evolves
DeRISK guides (re)insurers and ILS investors with the expected loss, probable maximum loss (PML), Value at Risk (VaR), tail risk and much more associated with individual clients and risk portfolios.
What outcome would benefit your business the most?
Enable Business Growth
Augment cyber underwriting processes to enable new (re)insurance and ILS offerings with confidence
Control and Manage Policy
Leverage consistent and commensurate policy options for industrial clients, (re)insurers and ILS investors
Manage Risk Capacity
Increase accuracy in determining systemic risk events for appropriate risk capacity commitments
Target Capital Allocation
Measure single risk exposure, pragmatic accumulation and control measures to determine justified PML and capital allocation
Stimulate Risk Capital Expansion
Utilize detailed analysis of risk exposure to optimize and prioritize capital budgets for cyber risk
How it works
The Data Lake...
Assets, software, firmware, configurations
Existing Security Controls
Threat Vectors & TTPs
... combined with Data Processing
Probabilistic Bayesian inference
Data Clustering by sector and geography
Greater accuracy in underwriting assessment, accumulation risk, pricing, loss reserving and capital allocation / management
Automatic and continuous risk tracking
Data transparency between industrial clients, (re)insurers and ILS investors
Alignment of coverage terms with risk exposures
New product development empowerment