Market Reality
Cyber risk underwriters need a better way to quantify cyber risk.
Demand for cyber insurance coverage is exploding. As the cost of cyber incidents and ransomware attacks continues to soar, underwriters need to better understand cyber risk and potential loss in their portfolio.
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Cybercrime costs will reach $10.5 Trillion by 2025 according to Cyber Ventures*
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35% of executives think that mandatory reporting of cyber risk management, strategy and governance is vital to securing their future growth**
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The average ransomware demand reached $5.3 million in 2023 with ransomware attacks increasing by over 37% in 2023***
Making sense of cyber risk for (Re)insurers
DeRISK guides (re)insurers and ILS investors with:
- Expected loss
- Probable maximum loss (PML)
- Value at Risk (VaR)
- Tail risk
- Impact to income
- Impact to reserves and balance sheet
- Loss exposures
- Risk structuring
... and more
Cyber risk is dynamic, fast-growing and hard to quantify. With the DeRISK platform, risk stakeholders at (re)insurance organizations and ILS investors can better analyze and understand their risk portfolio. DeNexus' risk models enable them to value the impact of primary, secondary, and tertiary financial loss events.
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.