From the globalization of cyber threats to deception and misinformation via popular global web platforms, today’s cyber threats continue to adapt in response to enhanced levels of security. Fortunately, as awareness of these threats increases, the opportunity to better assess and price cyber risk to develop more comprehensive liability insurance is available. How has your cyber portfolio faired?
In partnership with the University of Cambridge Centre for Risk Studies, RMS released the 2018 Cyber Risk Outlook Report that explores the challenges with managing cyber risk as the market diversifies and grows. Today’s affirmative cyber insurance market is now 4X the size it was when RMS developed its first-generation cyber risk model in 2015, to organize exposure information and manage accumulation risk.
In this report we summarize the rapidly changing world of cyber risk, trends in cyber loss processes, the rapid growth opportunities and profitability available for those looking to write cyber insurance and share the latest on our new cyber solution: RMS Cyber Solutions 3.0 - a platform for integrating models, data, and analytics, to provide a comprehensive and responsive way forward for cyber insurers.
View the report today. If you have any questions or want to discuss how we can help manage your unique cyber risk, look for us at Table #17 at the NetDiligence Cyber Risk Summit in Philadelphia or email us at [email protected].
