Cyber Insurance

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Cyber Insurance

In the last few years, the demand for cyber insurance is rapidly growing. More and more companies are trying to evaluate their business risks in terms of money in order to be covered in case of a devastating cyber attack.

One of the biggest challenges in this field is the lack of data that is required by actuaries to determine how much is needed to be insured. The "Risk Pricing Challenge", underwriters continue to struggle in attempts to assemble the actuarial tables required to structure and price cyber policies with any sort of confidence.

The current practice is to fill out manual questionnaires based on a specific security guideline. The questionnaires and the ability to verify their answers must be linked to the actual business assets risk, to avoid limited metrics that will not be enough to measure the actual residual risk of a company.

Innosec can supports organizations to overcome this challenge (and many others) to ensure critical business processes are fully covered.

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Are you sure your organization is safe?

Our experts will be delighted to analyze your current cyber protection strategy, test your defense plan, and check whether your organization is exposed.

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