Cyber insurance is one of the fastest-growing segments of insurance.
The ever-changing landscape of cyber risk—coupled with a lack of access to industrywide exposure data—leaves many insurers struggling with fundamental questions. That's why ISO is pleased to provide access to a robust suite of cyber insurance products that enable you to underwrite coverage based on the specific risk characteristics of your policyholders.
To help address a major issue facing today's cyber insurance market—the need for more detailed underwriting- and rating-related information—ISO developed loss costs informed by its analysis of cyber loss data,* including:
- 12.4 million actual cyber exposures
- Almost 1,000 industry classes
- Events resulting in more than $5 billion in losses
- Nearly 100,000 unique cyber incidents
*ISO analysis of licensed third-party data
The industry standard for cyber risk protection
Verisk's Commercial Cyber Insurance Program can help insurers and their customers address cyber exposures that are potentially catastrophic.
Small and midsize businesses are frequently a primary target of cyber criminals. This discovery-triggered policy form can help businesses address cyber exposures these businesses often face.
This ISO program can be tailored to suit the individual needs of an insured, whether it be a nonprofit, commercial enterprise, financial institution, or media company.
One of the biggest challenges to underwriting cyber insurance is lack of access to data. Access refined, class-level, pricing-related information that can enable you to account for industry-specific differences in risk.
Pricing Cyber Insurance Seminar –
Lloyd’s Old Library, London
Interested in learning more about cyber loss cost methodologies and data solutions designed to help you as a cyber insurer make more informed pricing decisions?
Here’s an ISO seminar—Pricing Cyber Insurance—we conducted at Lloyd’s Old Library in London: