Cyber
Explore the insurance risk and business opportunity offered by the geographically unbounded constraints and constantly evolving nature of cyber risk.
Quantify Your Cyber Risk
Take the guesswork out of cyber. Whether managing an existing book or building a new one, use a model that is purpose-built and reflects the evolving nature of cyber risk.
Evaluate Current Exposure
Identify undetected cyber exposure lurking within your portfolio or discover new market opportunities in a scientifically grounded and transparent way.
Comprehensive Cyber Modeling
Model the diverse range of cyber threats to ensure premiums are adequate and the appropriate capital is reserved.
Manage Risk Effectively
Stay ahead of the competition by intelligently underwriting, diversifying, and managing both catastrophic and attritional cyber risk.
Key Cyber Model Features
The comprehensive RMS cyber risk model supports (re)insurers’ end-to-end cyber risk management.
Related Cyber Solutions
RMS offers a full range of cyber risk quantification and management solutions to help (re)insurers regardless of the maturity of their cyber business.
Software and Models
The RMS Cyber Solutions application offers full access to the comprehensive cyber risk model, a standardized cyber exposure data schema, configurable analysis profiles, results data, and reporting.
RMS U.S. Cyber IED/EED
Get a broader view of risk through the RMS® U.S. Cyber Economic Exposure Database (EED) and RMS® U.S. Cyber Industry Exposure Database (IED) to support applications from business strategy to risk transfer.
Cyber Consulting Services
Regardless of your size, RMS offers a wide range of consulting services to assist (re)insurers with quantification, management, and operationalization of cyber risk.
Thought Leadership
From publications to cyber events to working with a range of cyber experts, RMS brings the latest research and understanding of cyber risk to the insurance market.
Spotlight
A Cyber Model You Can Trust
RMS Cyber Solutions provide a transparent, flexible framework to analyze exposure and validate loss results across affirmative and silent cyber insurance policies. The intuitive interface provides streamlined data management and seamless access to analytic insights including open access to all underlying modeling assumptions and data.
Beyond Cyber as a Coverage
The core RMS cyber model can be used to quantify cyber risk arising from a range of scenarios for various coverages and categories of exposure. But to gain a complete view of risk, other RMS solutions can help (re)insurers.
Resources
Quantify Your Silent Cyber Exposure With These Three Steps
In 2017, WannaCry infected computers in over 150 countries across the globe, taking out critical functions such as the National Health Service (NHS) in the U.K. One year later, the NotPetya cyberattack brought many household names to a standstill. The pharmaceutical giant, Merck, was reportedly the source of US$1.3 billion of total impact to (re)insurers from the NotPetya attack, 87 percent of which was considered silent exposure. These two major cyberattacks…
Toward a Science of Cyber Risk
A new article, The Science of Cyber Risk: A Research Agenda has just been published in Science. A free, non-paywall version of this paper is available here. Written by a diverse team of 19 authors, including myself, it presents a concise argument for interdisciplinary research, to establish a scientific basis for risk analysis and management in the cyber security domain. As a leading provider of cyber risk models for the (re)insurance…
Cyberterrorism: A Risk Assessment
Technological advances in communications, computing and computer networks are exposing new vulnerabilities that terrorist groups can exploit, making cyberterrorism a potential security concern. The media has extensively discussed this issue, invoking images of massive economic losses and even larger-scale loss of life from a cyberattack executed by a terrorist group. But just how real is the threat that cyberterrorism poses? Fortunately, the fear…
Cyber Risk Modeling and the Data Skeptics
Cyber modeling is growing up and is now more widely accepted by cyber insurers around the world. Despite the many advances that have improved the model over the past four years, some are still skeptical about cyber modeling, claiming that there’s insufficient data. We believe they’re wrong and that cyber modeling can be used effectively for managing exposure and underwriting. In this webinar, we will take a closer look at the extensive data capture conducted by…
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