The cyber insurance industry is evolving dynamically both in the coverage offered and the risk management practices employed.
Cyber terrorism perils are dynamic, with constantly developing threats. Events over the past year have demonstrated just how fluid the world of cyber risk can be.
To prudently assess capacity for cyber coverage, insurers need to better understand cyber risk and how it impacts the insurance market, including the type of attacks that should be expected, how far-reaching they might be, and the potential for aggregation risk. Understanding these scenarios is a key determinate for setting risk appetite and understanding the potential scope of cyber catastrophes.
That’s why we created the 2017 Cyber Risk Landscape Report that summarizes the rapidly changing world of cyber risk, and describes how RMS analysts and modelers view current and future risk.
The report includes the latest updates on the release of RMS CAMS (Cyber Accumulation Management System) Version 2 – a major enhancement in the management of cyber risk. RMS has updated the CAMS scenarios to reflect the latest trends in cyber risk, and provides new recommendations for accumulation stress tests, cost models, and loss footprints to protect portfolios of cyber insurance exposure in the evolving world of cyber risk.
You can learn more in this 24-page report that outlines:
- The evolving cyber risk landscape
- Insurance industry exposure to cyber
- What’s new in RMS CAMS Version 2
- Cyber insurance market update
- The RMS commitment to the future
Download the report today. If you have any questions, or want to discuss how we can help manage your unique cyber risk, please email us at [email protected].