Underwriters of cyber risk need a better way to quantify cyber risk.
62% of companies do not have cyber insurance. Global cyber insurance premiums have grown 38% YoY since 2015 and ransomware demand averages have grown to $1.2 million dollars in the first half of 2021 alone.
Cybercrime costs will reach $10.5 Trillion by 2025 according to Cyber Ventures*
81% of global survey respondents believe they're inadequately protected against cybercrime**
Average ransomware demand increased to $1.2 million according to the Coalition Cyber Insurance Claims Report***
Making sense of cyber risk for (Re)insurers
Cyber risk is dynamic, fast-growing and hard to quantify. With the DeRISK Platform, risk stakeholders at (re)insurance organizations and ILS investors can now leverage the MITRE ATT&CK Framework and anticipate Initial Access Vectors (IaVs) to value the impact of primary, secondary and tertiary financial loss events resulting from cyber risk.
With DeRISK, 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.