Managing cyber risk requires timely, reliable data. How confident are you in yours?

A lack of industrywide data is considered one of the cyber insurance industry’s biggest pain points. Verisk’s Cyber Data Exchange can help.

New risks, new data needs

Because cyber is a relatively new risk, underwriters often don’t have access to the depth of data they need to write business accurately and efficiently. This can lead to low underwriting confidence, low insurance penetration, and difficulty making informed decisions.

What is the biggest challenge that still faces the cyber insurance industry?

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Source: Survey, Casualty Actuarial Society 2018 annual meeting

The cyber market presents great opportunity

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Source: ISO MarketStance white paper, Sizing the Standalone Commercial Cyber Insurance Market

Introducing Verisk’s Cyber Data Exchange

Participating companies contribute their cyber insurance data into a pool managed by ISO. ISO aggregates and summarizes the data and provides business intelligence to the contributing companies via interactive dashboards.

 

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Contributed data

Policy

  • Gross written premium
  • Revenue
  • NAICS code
  • # of records stored
  • Limite and deductible
  • Insuring agreements

Claims

  • Incurred loss
  • Economic loss
  • Loss adjustment expense
  • Claims description
  • Attack vector
  • Attack source

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Brochure: Cyber Data Exchange

Lack of industry-wide cyber insurance data is a big pain point for many cyber insurers. The Cyber Data Exchange can help you make better strategic decisions about your portfolio and can help you more confidently provide the coverages demanded by the market.

Download the brochure