Kovrr’s cyber risk modeling platform delivers global (re)insurers transparent, real-time data- driven insights into their affirmative and non-affirmative single, accumulated and catastrophic cyber risk exposures. The platform is designed to help underwriters, exposure managers and catastrophe modelers understand, financially quantify and manage cyber risk by utilizing AI-powered predictive risk models.
Kovrr offers three solutions:
- Enterprise Cyber Risk Quantification
- Risk Selection & Cyber Underwriting
- Portfolio Exposure Management
The underwriting platform allows (re)insurers to financially quantify cyber risk for new and existing policies. Insurance professionals are provided with the necessary data to efficiently underwrite and segment potential customers. The data provided includes contextual actionable underwriting insights and level of vulnerability to cyber attacks by analyzing an insured’s use of commercial software, security controls, and third party services.
Kovrr's Cyber Risk Quantification (CRQ) solution for enterprises is an efficient and easily repeatable means to quantify cyber risk financially. The platform allows CISOS, CROS and other risk management stakeholders to measure financial exposure for multiple types of cyber events and impact scenarios.
Users receive real-time data to make more informed decisions about managing cyber risk (i.e., whether to accept, mitigate, or transfer the risk), prioritizing new technology investments, and measuring the ROI of those investments in specific controls or programs. The solution leverages the same advanced cyber risk models and technologies trusted by cyber insurance carriers and reinsurers worldwide.